Joint letter from ISDA’s North American Tax Committee together with CME Group, SIFMA and FIA to the United States Department of the Treasury and Internal Revenue Service requesting guidance and relief relating to upfront payments on certain types of swap transactions.

Documents (1) for Joint letter from ISDA’s North American Tax Committee together with CME Group, SIFMA and FIA to the United States Department of the Treasury and Internal Revenue Service requesting guidance and relief relating to upfront payments on certain types of swap transactions.

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...