Developed capital markets are instrumental in providing investors with a broad range of investment products, enabling them to select the best risk-return mix in their particular case. Key determinants of developed capital markets are liquidity, transparency and integrity. From the point of view of corporations, developed capital markets ensure a broad range of financing sources.
First, for derivative transactions, the International Swaps and Derivatives Association (ISDA), which develops a standard contract for such transactions, is promoting global efforts to modify the standard contract for derivatives while consulting with market participants. On the other hand, for "cash products" such as loans and bonds, unlike derivative transactions, there is no standard contract that is widely used internationally.