The International Swaps and Derivatives Association has published a paper calling for the worldwide adherence to certain core principles to promote the centralized execution of swaps. These principles are that (1) the determination when swaps should be required to trade on a centralized platform should be subject to specific objective criteria; (2) swaps should be permitted to trade on different types of execution venues across jurisdictions without imposing different regulatory obligations; and (3) regulators should permit different trade execution mechanisms provided all trades are executed on a centralized venue. Adoption of these principles will help avoid market fragmentation, claims ISDA.