ISDA has proposed better collaboration across all sectors of the derivatives market in order to deal with the current challenges faced by market participants. ISDA has recommended in particular: (i) a greater use of standard form documents and a move away from customised transaction documentation; (ii) standardisation and automation of derivatives trade processes to improve consistency and efficiency; and (iii) a redesign of collateral management processes to aid compliance with new rules on margining for non-cleared derivatives.