Industry Implementation Considerations

This document has been prepared by ISDA to assist its members in highlighting some potential considerations for implementation of the initiative to reduce the frequency of which Single Name CDS transactions roll to the new ‘on-the-run’ contract.

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...