Net Physical
Settlement
ISDA has initiated
a Net Physical Settlement project to simplify the process
of settling credit events under credit default swaps (CDS)
and credit derivative index trades. More specifically, the
project responds to members' concerns about:
-
reducing
volatility in the price of Obligations of the Reference
Entity connected with the settlement of a Credit Event;
-
ensuring
a tighter connection between the settlement value of
a CDS and the price of the bonds used to settle the
CDS contract; and
-
reducing
operational risk and expense related to the settlement
of CDS contracts.
[click here
for more on this story]
ISDA’S 21st AGM - Singapore
ISDA is holding its 21st Annual General Meeting at the Shangri-
La Hotel in Singapore, March 14- 16. ISDA’s AGM will feature
discussions on a number of key derivatives and risk management
issues, including: The Outlook for Asia Pacific’s Economy
and Markets, The Relationship Between Privately Negotiated
and Exchange Traded Derivatives in Asia, The Emergence of
China in the Global Financial Markets, and Global Market
Perspectives in the Derivatives Industry and Developments
in Credit Derivatives and Structured Credit Markets.
[click here
for more on this story]
