ISDA News
| January 19th, 2012 | ISDA Credit Derivatives Determinations Committee: Eastman Kodak Company Credit Event The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Eastman Kodak Company. The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course.
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| January 11th, 2012 | ISDA Announces Membership and Mission of the Industry Clearing Committee The International Swaps and Derivatives Association, Inc. (ISDA) announced today the membership and charter of the Industry Clearing Committee (ICC). The ICC, which consists of a broad cross-section of over-the-counter (OTC) derivatives industry market participants, was formed by ISDA in June 2011 to meet current and emerging industry needs in respect of clearing. More specifically, the ICC will assist in coordinating industry efforts to reach optimal levels of central counterparty clearing and to address obstacles in achieving those levels. |
| December 21st, 2011 | ISDA Updates OTC Derivatives Market Analysis: Despite Increase in Notionals, Over 50% of IRS Market Is Cleared The International Swaps and Derivatives Association, Inc. (ISDA) published today its analysis of the over-the-counter (OTC) derivatives market based on June 30, 2011 statistics.
According to the ISDA analysis, the notional amount of OTC derivatives outstanding (adjusted to exclude FX transactions and for the impact of clearing) increased 18 percent from $416.7 trillion at year-end 2010 to $491.3 trillion at June 30, 2011. This increase in notional outstanding reverses declines in 2008, 2009 and 2010.
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| December 21st, 2011 | ISDA Publishes Draft OTC Taxonomies for a 30-Day Comment Period The International Swaps and Derivatives Association, Inc. (ISDA) published today its draft taxonomies for credit, interest rate, commodity, foreign exchange (FX) and equity derivatives. These taxonomies are currently open for a 30-day comment period. |
| December 19th, 2011 | ISDA Credit Derivatives Determinations Committee: Northern Rock Asset Management Credit Event The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved that a Restructuring Credit Event occurred in respect of North Rock Asset Management Plc. The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the potential auction on its website, www.isda.org/credit, in due course. |
| December 8th, 2011 | CMA Launches CMA NAVigate™ 1.8, Providing OTC derivatives Valuations On-demand |
| December 1st, 2011 | ISDA Publishes the Recommendation for FpML version 5.2 The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the Recommendation for FpML version 5.2. One of the main features is the added support for clearing messages. In addition to the 5.2 publication, the Recommendation for version 5.1 is republished to include comments received after the publication of the 5.1 Recommendation. Financial products Markup Language (FpML) is the industry data standard for OTC derivatives. A Recommendation is the final step in the development process of a version. |
| November 28th, 2011 | ISDA Credit Derivatives Determinations Committee Sends SEAT Question to External Review The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee (DC) voted on the question of whether a Failure to Pay Credit Event had occurred in respect of SEAT PAGINEGIALLE S.P.A. The relevant supermajority of DC members required for the question to be decided was not reached. |
| November 11th, 2011 | ISDA Credit Derivatives Determinations Committee Resolves an Auction Will be Held for Dynegy Holdings, LLC The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that an auction will be held in respect of Dynegy Holdings, LLC (formerly known as Dynegy Holdings Inc.) following its resolution on November 9, 2011 that a Bankruptcy Credit Event had occurred. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course. |
| November 10th, 2011 | Robert Pickel Appointed Chief Executive Officer of International Swaps and Derivatives Association Conrad Voldstad to Serve as Special Advisor to the Board The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Board of Directors has appointed Robert Pickel as chief executive officer, effective January 1, 2012. Mr Pickel, who is one of the derivatives markets’ most experienced and accomplished executives, returns to the post after serving as the Association’s Executive Vice Chairman for the past two years. |
