BACK OFFICE

BACK OFFICE

The International Swaps and Derivatives Association (ISDA) released the 1999 ISDA Credit Derivatives Definitions, which are intended to provide a basic framework for documenting privately negotiated credit derivative transactions. Such transactions known as over-the-counter (OTC) derivatives have been the focus of regulatory study concerning counterparty risks.

Algorithmics announced the completion of a private financing deal with two investors, Ontario Teacher's Pension Plan Board and The