JUNE 2005  

A Word from ISDA’s CEO…

On May 11, ISDA hosted its 20th Anniversary cocktail reception and dinner at The Natural History Museum in London. The celebration was attended by over 500 ISDA members and friends who came to mark ISDA’s achievements and honor all past and present Association directors.

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  Operations Summit Builds on Processing Progress
    Shown in Benchmarking Survey

An Operations Summit, held in London on June 14-15 and attended by 250 delegates from across all market sectors, agreed to strengthen momentum on a number of projects aimed at tightening up processing of OTC derivatives. One of the main agreements was to forge ahead with a protocol approach to deal with consent for novation and assignment of trades. Delegates also agreed to create more detailed targets for credit and equity derivatives processing outlined in the Operations Strategy plan of December 2003. Other targets and deliverables agreed upon include: completion of revision of the 2000 ISDA Definitions; collective and bilateral meetings among buyside firms to engage in ISDA’s operations work; the extension of cashflow matching and netting as far as practicable; and to explore changing the range of operations metrics monitored.

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Fundamentals of Derivatives Seminar
July 6, 2005
The Intercontinental Hotel
Toronto

ISDA Canada Derivatives Update 2005
July 7, 2005
The Intercontinental Hotel
Toronto

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