Isda publishes new European LCDS contract

The International Swaps and Derivatives Association has published a revised single-name European loan credit default swap (LCDS) contract. The new template, published on July 30, gives users the option of whether the LCDS contract will be cancelled after a refinancing of the reference obligation.

The industry body has been working on the revised documentation since the end of 2006 with a working group of dealers, bankers and end-users. The previous contract was cancellable if a refinancing occurs

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here