George
Handjinicolaou Joins ISDA
The International Swaps and Derivatives Association has
appointment George Handjinicolaou as Deputy Chief Executive
Officer and Regional Director for Europe, Middle East and
Africa effective immediately. In this new position, which
is based in ISDA’s European headquarters office in
London, Mr. Handjinicolaou will serve as the Association’s
primary representative in EMEA. He will coordinate with
the Association’s CEO, Board of Directors, staff and
members to develop and lead ISDA’s activities and
strengthen ISDA’s relationships with key constituencies
in the region. George will report to Robert Pickel, ISDA’s
CEO and Executive Director.
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European
LCDS
On July 30,
ISDA published a Standard Terms Supplement and Confirmation
for European Loan CDS Transactions.
The contract is structured
so that it will continue after the refinancing of the reference
obligation, referencing the new loan (or loans) that refinanced
the original reference obligation. However, the parties
may elect to cancel the contract if a refinancing occurs
when they enter into the Loan CDS transaction.
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LCDX
and LCDS
In May, ISDA
published revised single-name loan CDS documentation, which
replaced the predecessor document that was published in
June 2006. ISDA published the LCDS Protocol to offer market
participants the ability to conform to the new settlement
standard set forth in the 2007 publication. .
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