International Swaps and Derivatives Association (Isda)
Syncora worth 15%, according to credit derivatives auction
A May 27 auction has determined a final settlement value of 15 cents on the dollar for credit default swaps (CDSs) referencing Bermuda-based Syncora Guarantee, the monoline formerly known as XL Capital Assurance.
OTC trade repository plan faces hurdles
Financial authorities in the US and Europe have advocated the introduction of a central trade repository to gather data on the over-the-counter (OTC) derivatives market, but there is concern that multiple repositories could do more harm than good.
Isda's Handjinicolaou moves to Hellenic Capital Markets Commission
George Handjinicolaou, the deputy chief executive officer and regional director for Europe, the Middle East and Africa (EMEA) at the International Swaps and Derivatives Association, has joined the Hellenic Capital Markets Commission (HCMC).
Auction finds General Growth Properties LCDS worth 44.25%
An auction held on May 13 determined a final settlement value of 44.25 cents on the dollar for loan-only credit default swaps (LCDSs) referencing Chicago-based shopping mall owner General Growth Properties; the company opted to restructure its debt under…
Bowater worth 15%, according to credit derivatives auction
An auction held on May 12 determined a final settlement value of 15% for credit default swaps (CDSs) referencing North American newsprint manufacturer Bowater, which filed for Chapter 11 bankruptcy on April 16.
Big bang: new dawn for CDS market
The 'big bang' protocol, which changes the way credit derivatives are quoted and traded, may have brought a CDS exchange one step closer
Piloting policy
The privately negotiated derivatives industry congregated in Beijing last month for the International Swaps and Derivatives Association's annual general meeting. Top of the agenda were efforts to formulate a strategic response to calls for more…
Isda benchmarking survey shows trade processing improving
Daily news headlines
Isda AGM: 94% of world's largest corporates use derivatives
Ninety-four per cent the world's largest corporates use derivatives to hedge their business and financial risks, according to a survey of the Fortune Global 500 companies by the International Swaps and Derivatives Association (Isda), released at its 24th…
Isda AGM: US regulator identifies six weaknesses in OTC market
Theo Lubke, senior vice-president at the Federal Reserve Bank of New York, identified six main problem areas in the over-the-counter derivatives market during a panel discussion on public policy at the International Swaps and Derivatives Association's…
Isda AGM: Collateral use continues to rise
Over-the-counter derivatives traders have increased their use of collateral by 86% in the past year, according to a survey of banks and institutional investors released today by the International Swaps and Derivatives Association.
Isda AGM: Election of 11 board members
The International Swaps and Derivatives Association has elected 11 directors, seven of whom currently serve on the board.
Isda AGM: Derivatives post-trade processing improves
The International Swaps and Derivatives Association (Isda) says post-trade processing has continued to improve over the past year, with lower numbers of confirmations outstanding and higher levels of automation.
Isda AGM: trillions in derivatives torn up since June
Multilateral tear-up efforts continue to bear fruit, with notional outstanding reduced by several trillion dollars, according to a report released by the International Swaps and Derivatives Association at its annual general meeting in Beijing.
Isda AGM: China on course to further develop derivatives
The Chinese authorities are supportive of the development of a bilateral derivatives market in the country, despite losses suffered by corporations, asset managers and individuals from derivatives-linked products during the past year.
CDS 'big bang' could see 18% increase in tear-ups, Markit says
Changes to credit default swap (CDS) contracts due to come into force on April 7 could result in an upturn in trade-compression activity, according to market information provider Markit.
Ringfencing and contract enforceability challenges
Regulation radar Korea
Setting new standards
Special Report - China: Documentation
Contract counterattack
Efforts to recover the value of nearly 200,000 derivatives transactions conducted with Lehman Brothers have been frustrated by a provision of the International Swaps and Derivatives Association master agreement. But the bankrupt estate is fighting back
Ups and downs
Seen as a simple solution for reducing counterparty risk by regulators, moving credit derivatives on to central clearing platforms is proving fiendishly complicated. While progress is being made, it is generating more questions than answers. Mark…