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.
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Paper on Proposal 6 on Margin Transparency
On November 16, ISDA published a document that looked at proposal 6 in the final Basel Committee on Banking Supervision (BCBS), Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) report on margin transparency. Proposal...
Tender Issued for DC Administrator Role
ISDA and the Credit Derivatives Governance Committee have issued an invitation to tender for an independent regulated entity to serve as the administrator for the Credit Derivatives Determinations Committees (DCs), which includes assuming the role of DC secretary. The DC...
ISDA SIMM: The Standard for IM Calculations
The ISDA Standard Initial Margin Model (ISDA SIMM) plays an important role in ensuring margin calculations are consistent, transparent and aligned with global best practices and regulatory requirements. Since its launch in 2016, the model has been rigorously tested, regularly...
ISDA In Review – October 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in October 2025.