The following documents must be submitted via email to the ISDA office in London in order to adhere to the 2008 Kaupþing Banki hf/Landsbanki hf/Glitnir Banki hf CDS Protocol(s):

  • One signed copy of the Adherence Letter, providing information on the contact person at the Adhering Party.
  • One conformed copy of the Adherence Letter. A conformed copy is an exact copy of the signed letter with the name of the person signing the letter typed on the signature line. A signature should not appear on the conformed copy of the letter.

The same letter allows an entity to adhere to any or all of the three Protocol(S) by checking the appropriate box to indicate which Protocol(s) the entity wishes to sign up to.

Click here for form of Adherence Letter.

ISDA will only accept email delivery of Adherence Letters. An Adhering Party is not required to send original Adherence Letters to the ISDA offices.

Please submit all Adherence Letters via email to icelandicprotocol@isda.org. It is critical that both a scanned, signed Adherence Letter, as well as a scanned, conformed Adherence Letter is submitted. Entities will not be deemed to have adhered to the Protocol(s) until both the signed and conformed Adherence Letters are submitted by email in accordance with the Adherence Period.

You are not required to send your original Adherence Letter(s) by mail to ISDA.

No other documents are required in order to adhere to the 2008 Kaupþing Banki hf/Landsbanki hf/Glitnir Banki hf CDS Protocol(s).

The Protocol will open for adherence on Monday, October 27, 2008.

Email address for Delivery of Adherence Letters:
icelandicprotocol@isda.org

Policy Regarding Conformed Copies
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 2008 Kaupþing Banki hf/Landsbanki hf/Glitnir Banki hf CDS Protocol(s).

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 2008 Kaupþing Banki hf/Landsbanki hf/Glitnir Banki hf CDS Protocol(s).