INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION
For Immediate Release Monday, April 28, 2003
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ISDA PUBLISHES WEATHER INDEX SWAP
In light of increased usage
of weather derivatives globally, ISDA members from Asia,
ISDA anticipates addressing documentation for additional types of weather derivatives transactions later this year.
ISDA is the global trade association representing leading participants in the privately negotiated derivatives industry. ISDA was chartered in 1985, and today has 600 member institutions from 46 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.