ISDA®
INTERNATIONAL
SWAPS AND DERIVATIVES ASSOCIATION, INC.
NEWS RELEASE
For Immediate Release, Tuesday, January 12, 2010
For More Information, Please Contact:
Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org
Cesaltine Gregorio, ISDA New
York, +1 212-901-6019, cgregorio@isda.org
The purpose of the Protocol is to enable parties to update
the provisions of legacy single name Japan Corporate CDS transactions to match
current trades. With the implementation of this protocol, the definition of
"
The Protocol is open to ISDA members and non-members alike. The adherence period runs until January 22, 2010. The text of the Protocol and form of adherence letter, guidance on the mechanics of the Protocol, answers to frequently asked questions and details on adherents, are available at www.isda.org.
About ISDA
ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has over 810 member institutions from 58 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.
ISDA® is
a registered trademark of the International Swaps & Derivatives
Association, Inc.