Previous communications from ISDA regarding implementation of the 2014 ISDA Credit Derivatives Definitions (the “2014 Definitions”) have indicated that the 2014 Definitions would not apply via a Protocol to existing transactions on sovereign and financial Reference Entities, and so those transactions would remain on the 2003 ISDA Credit Derivatives Definitions (the “2003 Definitions”). Based on member feedback during the consultation phase on the draft Protocol, an alternative approach has been requested for certain emerging market regions. This change has implications for existing transactions as at September 22, 2014 (“Legacy Transactions”) and new trades from that date forward (“New Transactions”). (Updated August 21, 2014)
Documents (1) for FAQ: 2014 ISDA Credit Derivatives Definitions Protocol and Implementation for Emerging Market Regions
Latest
S&P Global Selected as DC Administrator
ISDA and the Credit Derivatives Governance Committee have announced that S&P Global Market Intelligence has been selected as the administrator for the Credit Derivatives Determinations Committees (DCs). The announcement follows an invitation to tender in November 2025. The DC administrator...
Supporting ISDA SIMM Adoption in Australia
Derivatives have become a critical tool for Australia’s massive superannuation sector, as funds look to manage the risks associated with their expanding offshore investments. The use of derivatives brings real risk management benefits, but it also means funds need to...
ISDA, GDF Respond to the Central Bank of Ireland on DLT and Tokenization
On June 3, ISDA and Global Digital Finance responded to the Central Bank of Ireland’s discussion paper on distributed ledger technology (DLT) and tokenization in financial services. The response focuses on the potential role of DLT and tokenization within wholesale...
Response to Consultation on Dividend Stripping
On May 28, ISDA and the Association for Financial Markets in Europe (AFME) responded to the Dutch Ministry of Finance’s consultation on additional anti-dividend stripping measures, urging that the proposed rules should target only abusive arrangements and not ordinary, commercially...