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Small Bang Protocol

September 30th, 2009 ISDA to Reopen ‘Small Bang Protocol’; Facilitates Adherence by New Market Participants

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that it will reopen its ‘Small Bang Protocol’, which allows for the incorporation of auction settlement terms following a Restructuring Credit Event into standard CDS documentation.
 

August 11th, 2009 ISDA Determinations Committee Votes Thomson a Restructuring

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 Thomson, a Paris-headquartered company that provides a range of communications products and services.

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