In re Brazos Electric Power Cooperative, Inc.

ISDA and SIFMA submitted an amicus brief in support of the bankruptcy creditor counterparties in the U.S. Bankruptcy Court in the Southern District of Texas.  The amicus brief argues that, under the terms of the 1992 Master ISDA, non-defaulting swap counterparties are neither required to (1) provide Reference Market-makers with a copy of the Credit Support Annex between them and the defaulting counterparty to complete the Market Quotation process, nor (2) take the defaulting counterparty’s creditworthiness into consideration when assessing the amount of “Loss.”

Documents (1) for In re Brazos Electric Power Cooperative, Inc.

Key IRD Trends from BIS 2025 Survey

This paper highlights changes in over-the-counter (OTC) interest rate derivatives (IRD) markets between April 2022 and April 2025, based on data from the Bank for International Settlements (BIS) Triennial Central Bank Survey. The survey provides a comprehensive view of global...

RMB IRD Growth in Mainland China & Hong Kong

This report analyzes interest rate derivatives (IRD) activity in mainland China and Hong Kong, with a particular focus on renminbi (RMB)-denominated IRD. It examines market growth, structure and integration across onshore and offshore centers, and places these developments within the...