The 2006 Dura CDS Protocol (the “Protocol”) relates to settlement issues concerning Dura Operating Corp. ("Dura"), a U.S. company that filed for bankruptcy on October 30, 2006. Dura is an auto parts supply company that is included in various credit derivative indices, including those published by Dow Jones CDX and TRAC-X, as well as the subject of single name trades and other credit derivative transaction types. The purpose of the Protocol is to offer market participants an efficient way to address the settlement issues relating to credit derivative transactions referencing Dura. The Protocol will offer institutions the ability to amend their documentation for various credit derivatives transactions in order to utilize an auction scheduled for November 28, 2006 to determine the final price for certain Dura bonds. Markit Group Limited and Creditex, Inc. will administer the auction.

It should be noted that there is no adherence fee required for ISDA members or non-ISDA members submitting Adherence Letters in connection with the 2006 Dura CDS Protocol.

The 2006 Dura CDS Protocol is open to ISDA members and non-members. The Protocol will be open between November 8, 2006 and November 17, 2006.