A signed copy and a conformed copy of an Adherence Letter must be received in order for ISDA to list a party as having adhered to the Revised 2005 Delphi CDS Index Protocol. (See "ISDA Procedures")

The most common problem experienced in the adherence process for prior Protocols was the failure to include a conformed copy of the Adherence Letter. We remind parties that a conformed copy, together with a signed copy, must be submitted to ISDA in connection with adherence to the Revised 2005 Delphi CDS Index Protocol.