Fannie/Freddie Equity Events

Summary of the discussion that took place on Tuesday, September 9 among market participants on the characterization under the 2002 ISDA Equity Derivatives Definitions of the announcement to place Freddie Mac and Fannie Mae into conservatorship. Members discussed the applicability of the “Nationalization”, “Insolvency” and “Insolvency Filing” definitions.

Documents (1) for Fannie/Freddie Equity Events

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...