The committee is a forum in which to address issues affecting the business and practice of credit derivatives trading. Taking in the views of dealers, end-user/hedgers and portfolio managers, the committee aims to find consensus on the most efficient, effective and appropriate means of conducting OTC credit derivatives transactions.

  • Europe Chair: Bryon Lancaster (UBS)
  • NA Chair: William Roberts (Goldman Sachs)
  • Japan Co-Chair: Kazuyasu Makabe (J.P. Morgan Securities Asia Pte. Ltd.)
  • Japan Co-Chair: Yasuyuki Tateda (Mitsubishi UFJ Securities)
  • Japan Co-Chair: Tatsuya Nakatsuka (Sompo Japan Financial Guarantee)
  • Regional Support (Europe): Richard Metcalfe (rmetcalfe@isda.org)
  • Global Staff Contact: Karel Engelen (kengelen@isda.org)

How to Join

CREDIT DERIVATIVES RELATED ISSUES
SUBJECT
STATUS
AVAILABLE DOCUMENTS
Standards and practices for handling material non-public information in credit-portfolio management. Final EU principles for Price-Sensitive Credit Information

‘Joint Market Practices Forum’ document - ISDA, IACPM, LIBA, LMA and TBMA finalize EU standards and practices for handling material nonpublic information in credit portfolio risk management activities

(Press Release - May 09, 2005)

Asset-Backed Securities


 ISDA submits comment letter to the SEC relating to a registration, disclosure and reporting regime for synthetic securities Comment Letter to Securities and Exchange Commission (SEC) on ABS (March 08, 2005)
Joint Forum Paper on ‘Credit Risk Transfer’ ISDA submits comment on October 2004 regulators’ Joint Forum paper on ‘Credit Risk Transfer’, welcoming paper’s measured assessment of the benefits of CRT. (The Joint Forum paper is available at www.bis.org) Comment on Joint Forum Paper on ‘Credit Risk Transfer’ (January 28, 2005)

ISDA and other associations issue European Recommendations on Handling of Material Nonpublic Credit Information

superseded by Final Recommendations from May 09, 2005 (see above).

 ISDA has issued jointly with other trade associations an Exposure Draft addressing these issues in the context of EU legislation. This follows a similar exercise in the US in 2003 (see below).

European Recommendations on Handling of Material Nonpublic Credit Information

(Press Release - January 12, 2005)
Standards and practices for handling material non-public information in credit-portfolio management.

ISDA is working jointly with other trade associations on a paper addressing these issues in the context of EU legislation. This follows a similar exercise in the US in 2003 (see right).

 

‘Joint Market Practices Forum’ document - ISDA, IACPM, LSTA and TBMA finalize standards and practices for handling material nonpublic information in credit portfolio risk management activities

(Press Release – October 07, 2003)
(Documentation)Working Groups** are developing templates for:
(i) swaptions
(ii) credit default swaps on asset-backed securities		 ** NB: Please register separately for these Working Groups – membership of the Committee does not automatically entail membership of the WGs.

Draft documents are available to members registered for these Working Groups

For other relevant materials, please see the Bookstore/Publications section of this web-site, specifically "ISDA Credit Derivatives Definitions, Supplements & Commentaries". Notably this includes: the 2003 ISDA Credit Derivatives Definitions, various Master Confirmations, and (new in 2004) templates relating to Municipal Reference Entities and First-to-Default baskets.
 (Capital treatment)  

See the section of www.isda.org on the activities on Risk Management.
    See also the section of www.isda.org on the activities on Risk Management.
(Tax – US withholding tax)   See page on this web-site on Tax Committee


  Last Updated: August 31, 2005