The International Swaps and Derivatives Association has launched the 2008 European loan credit default swap (LCDS) update protocol.The protocol is designed to amend transactions documented using the European LCDS standard terms supplement and form of confirmation that were published on July 30, 2007 to reflect the new templates published on March 12, 2008. In addition, Isda says a protocol to facilitate cash settlement of European LCDS (single-name and index) is currently under development.
More on Structured Products
Euro-denominated actively managed funds do not outperform benchmarks
Boost lists Europe’s first 10-year UST 3x short fixed-income ETP on LSE
Index makers comply with Iosco benchmark principles
Vontobel looks to replicate the success of its European platform in Asia
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.