Canadian Representation Letter

Allows market participants to provide counterparties with information needed to assess how Canadian reporting requirements may apply to them. Originally posted on April 23, 2014, ISDA is reposting these letters in which the format of the values in Section IV have been harmonized. No substantive changes have been made.

THIS DOCUMENT IS AVAILABLE IN BOTH ENGLISH AND FRENCH.

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...