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Half Empty or Half Full?
An article in the Financial Times on Monday treated us to another take on the empty creditor hypothesis. Professors Marti Subrahmanyam (NYU) and Pablo Triana (ESADE) write that: “Bond or loan holders...
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Tropical Storm
Sometimes a story comes along that is so emphatically off-base that it makes you just shake your head and wonder. And sometimes it makes you write a riposte. A recent opinion piece in the American...
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No Evidence? No Problem
“To the market’s credit, there is no evidence that the process has become corrupted by big banks.” That’s what an article in The New York Times Dealbook says about how credit events are determined in...
View ArticleISDA Credit Steering Committee Statement ~ Norske Skogindustrier ASA spin-off...
The post ISDA Credit Steering Committee Statement ~ Norske Skogindustrier ASA spin-off CDS appeared first on International Swaps and Derivatives Association.
View ArticleBest practice for booking/confirming single-name Credit Default Swap...
The post Best practice for booking/confirming single-name Credit Default Swap Transactions spun off from Index Transactions following a Restructuring Credit Event appeared first on International Swaps...
View ArticleCredit Derivatives Physical Settlement Matrix – 2014 and 2003 Confirmations
2014 Definitions Confirmation CDS Matrix v26 2014 Definitions Matrix Confirmations 2003 Definitions Matrix Confirmations Link to Historical Matrix Spreadsheets The post Credit Derivatives Physical...
View ArticleCSC Statement on German Bank CDS
This note has been prepared by ISDA’s Credit Steering Committee (CSC) to explain the CSC’s recommendation for changes to documentation practice for credit default swap (CDS) transactions referencing...
View ArticleProposed Amendments to the 2014 ISDA Credit Derivatives Definitions Relating...
This document contains proposed amendments to the 2014 ISDA Credit Derivatives Definitions to address issues... Read more Proposed Amendments to the 2014 ISDA Credit Derivatives Definitions Relating to...
View ArticleAn Important Milestone
Last week, we published a proposal to amend the ISDA Credit Derivatives Definitions to address narrowly tailored credit events, often referred to as manufactured defaults. No matter what you call them,...
View ArticleISDA Market Education Call: Narrowly Tailored Credit Event Proposed Amendments
This page is only accessible to ISDA members.You must be logged to access this page. Login Business Email / Username Password Remember Me Forgot Password Business Email / Username Create Account...
View ArticleProposed Amendments to 2014 ISDA Credit Derivatives Definitions For NTCEs –...
This document contains proposed amendments to the 2014 ISDA Credit Derivatives Definitions to address issues... Read more Proposed Amendments to 2014 ISDA Credit Derivatives Definitions For NTCEs –...
View Article2019 Narrowly Tailored Credit Event Supplement to the 2014 ISDA Credit...
(published July 15, 2019) The NTCE Supplement contains amendments to the 2014 ISDA Credit Derivatives Definitions addressing narrowly tailored credit events (“NTCEs”). NTCEs are arrangements with...
View ArticleGlobal Credit Default Swaps Market Study
ISDA’s analysis of credit default swap (CDS) market size and structure reveals that market risk transfer activity (MRTA) in single-name CDS has been steady since 2016. The analysis also shows that the...
View ArticleLegal Guidelines for Smart Derivatives Contracts: Credit Derivatives
ISDA has published the sixth in a series of legal guidelines for smart derivatives contracts, intended to support technology developers, lawyers and other key stakeholders in the development of smart...
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