ISDA®
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.

NEWS RELEASE

For Immediate Release, Tuesday, August 11, 2009

For More Information, Please Contact:

Deirdre Leahy, ISDA New York, +1 212-901-6021, dleahy@isda.org

Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org

ISDA Launches CDS Marketplace Website

NEW YORK, Tuesday, August 11, 2009 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of ISDA CDS Marketplace^SM (www.isdacdsmarketplace.com), a website that brings together information, data and statistics on the credit default swaps (CDS) business.

“Credit default swaps continue to play an important role in today's global economy,” said Eraj Shirvani, ISDA Chairman and Head of Fixed Income EMEA at Credit Suisse. “ISDA's new website is another step in the Association's on-going efforts to increase understanding of this innovative sector of the financial markets.”

ISDA CDS Marketplace^SM was developed with the support of DTCC Deriv/SERV LLC, a subsidiary of The Depository Trust & Clearing Corporation (DTCC), Markit and Moody's Analytics.

“This new site is designed to enhance understanding of CDS by pulling together in one place key sources of information about the market,” said Robert Pickel, Executive Director and Chief Executive Officer, ISDA. “Viewers can access a wealth of material from a variety of sources: daily CDS price changes, current CDS exposures, CDS trading activity, market statistics and more.”

The site consists of four main sections:

• About the CDS Market – Includes an overview of the CDS market, a summary of how credit default swaps work, key CDS facts, FAQs, and additional resources on the CDS business.

• Daily Prices – Provides daily prices and spread changes for a range of industry indices and single-name reference entities.

• Exposures & Activity – Contains information updated weekly on exposures, trading volumes and trading activity.

• Market Statistics – Provides an understanding of notional amount, information on the ISDA Market Survey, and other data sources.

“We hope that ISDA CDS Marketplace^SM becomes an important resource on the CDS business,” said Mary Cunningham, Senior Director, Head of Marketing, ISDA. “We thank DTCC Deriv/SERV LLC, Markit and Moody's Analytics for their collaboration in launching the site. Our goal is to continually enhance the site to refresh and enrich the user experience.”

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 830 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 and Derivatives Association, Inc.