ISDA®
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.

NEWS RELEASE

For Immediate Release, Thursday, September 25, 2008

For More Information, Please Contact:

Louise Marshall, ISDA New York, 212-901-6014, lmarshall@isda.org

Cesaltine Gregorio, ISDA New York, 212-901-6019, cgregorio@isda.org

ISDA ANNOUNCES WEBCAST ON MARKET SURVEY

AND RECENT INDUSTRY DEVELOPMENTS

NEW YORK, Thursday, September 25, 2008 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced that a webcast on its Mid-Year 2008 Market Survey and on recent industry developments is available at https://secure.webex.com/g2.asp?id=WZSBDIOL.

The webcast features ISDA Executive Director and Chief Executive Officer Robert Pickel and includes a brief slide presentation.

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 approximately 850 member institutions from 56 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 & Derivatives Association, Inc.