International Swaps and Derivatives Association (Isda)
Isda AGM Singapore: Credit derivatives post-trade processing improves
Credit derivatives backlogs at large firms have decreased from 23.5 days to 16.2 days over the past year, according to the latest post-trade processing survey by the International Swaps and Derivatives Association.
Isda AGM Singapore: Credit derivatives up 39% in H2 2005, says Isda
The notional principal outstanding volume of credit default swaps (CDSs) grew 39% to $17.3 trillion in the second half of 2005, compared with 48% to $12.4 trillion in the first half, according to the International Swaps and Derivatives Association’s year…
Isda AGM Singapore: Membership rises to 700
Over 60 new companies have joined as members of the International Swaps and Derivatives Association over the past year, bringing its membership to 700 firms globally, the association announced at its annual general meeting in Singapore today.
Isda AGM Singapore: Isda publishes fund derivatives definitions
The International Swaps and Derivatives Association has published its 2006 fund derivatives definitions at its annual general meeting (AGM) in Singapore.
Isda AGM Singapore: Collateral increases by 19% in OTC trades
The amount of collateral used in the over-the-counter derivatives market has grown annually by 19% to $1.44 trillion, according to the latest data published by the International Swaps and Derivatives Association in its 2006 margin survey.
Isda, ICMA and TBMA form joint capital markets body
Three capital markets associations are to form a joint body that aims to streamline industry-wide co-operation between the derivatives, securities and bond markets. The Global Capital Markets Board (GCMB) will develop a common policy on market,…
Isda, ICMA and TBMA form joint capital markets body
Three capital markets associations are to form a joint body that aims to streamline industry-wide co-operation between the derivatives, securities and bond markets. The Global Capital Markets Board (GCMB) will develop a common policy on market,…
Isda launches evergreen novation protocol
The International Swaps and Derivatives Association today launched its updated Novation Protocol II (NPII).
PPF should not ignore CDSs, Isda says
The UK Pension Protection Fund (PPF) should recognise credit default swaps (CDSs) when assessing the risk attached to pension funds' investments, the International Swaps and Derivatives Association argued today.
Isda launches Chinese collateral glossary
The International Swaps and Derivatives Association today launched a Mandarin/ English glossary of collateral terms, as it seeks to encourage the use of collateral in credit risk mitigation for the Chinese-speaking world.
Isda introduces new definitions for FX and currency options
The International Swaps and Derivatives Association and Foreign Exchange Committee at the New York Federal Reserve have introduced an appendix to the 1998 definitions on FX and currency swaps this week. These changes are designed to standardise…
New CDS for ABS document to spur demand, says S&P
Analysts are predicting that revisions to the International Swaps and Derivatives Association's documentation templates for credit default swap (CDS) options referenced to asset-backed securities (ABS) could spark a several billion dollar fillip in…
Isda novations protocol closes with almost 2,000 entities
A total of 1,953 trading entities had signed up to the International Swaps and Derivatives Association’s novation protocol by the time the adherence period closed on November 30. As the deadline approached, a late surge in adherents saw 380 entities…
Isda unveils master 'give-up' agreement for prime brokers and dealers
The New York-based International Swaps and Derivatives Association has created a master agreement for a hedge fund to ‘give-up’ its positions with a dealer and assign them to a prime broker.
Isda rejects call for more hedge fund oversight
The International Swaps and Derivatives Association today protested against calls from UK authorities for closer oversight of hedge funds, saying the market could be trusted to manage its own risk.
Isda amends Delphi index protocol
The International Swaps and Derivatives Association has amended the Delphi credit default swap index protocol, which was opened and closed only yesterday.
Isda opens Delphi index protocol
The International Swaps and Derivatives Association has opened its Delphi CDS index protocol, aimed at speeding up cash settlement of credit derivatives involving the bankrupt US auto parts manufacturer.
Isda Delphi protocol in the works and bond auction scheduled
The New York-based International Swaps and Derivatives Association is creating a protocol to facilitate the settlement procedure of credit derivatives index and tranche contracts that reference Delphi, the Detroit-based auto supplier dealer that filed…
JP Morgan goes live on T-Zero
JP Morgan went live on T-Zero’s post-trade processing platform for credit derivatives on Monday. It is the first dealer to join the platform since Goldman Sachs initially used the technology after its trade with KBC Alternative Investment Management on…
Creditex and Markit credit fixings used for Delta and Northwest
Creditex and Markit have, in partnership with major credit derivative dealers, conducted credit event fixing to generate cash settlement prices for Delta Airlines and Northwest Airlines, whose bonds defaulted on September 14.
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
Credit derivative market grew 48% during first half of 2005, says Isda
The notional amount of credit derivatives outstanding hit $12.43 trillion at the end of June, according to the International Swaps and Derivatives Association.
Isda’s ‘novation protocol’ aims to tackle derivatives backlogs
The world's major derivatives dealers have signed up to the International Swaps and Derivatives Association’s long-awaited ‘Novation Protocol’, which seeks to facilitate the transfer of existing trades to third parties.
Playing catch-up
The back office has found it difficult to keep up with front-office trading, prompting a warning by the FSA over the level of unsigned confirmations in the credit derivatives market earlier this year. Banks are now looking to improve the automation of…