ISDA®
ISDA - INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.
NEWS RELEASE
For Immediate Release, Thursday, September 30, 2010
For More Information, Please Contact:

Rebecca O'Neill, ISDA London, +44 203 088 3586, roneill@isda.org

Cesaltine Gregorio, ISDA New York, +1 212-901-6019, cgregorio@isda.org
Donna Chan, ISDA Hong Kong, +852 2200 5906 dchan@isda.org

ISDA to Publish Auction Terms for Takefuji

LONDON, Thursday, September 30, 2010 – The International Swaps and Derivatives Association, Inc. (ISDA) announced today that its Japan Credit Derivatives Determinations Committee resolved that a bankruptcy credit event has occurred in respect to Takefuji Corporation. The Committee also voted to hold an auction for Takefuji.

ISDA will facilitate the process by publishing the auction terms on its website www.isda.org/credit in due course. The auction will be administered by Markit and Creditex.

About ISDA

ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has over 830 member institutions from 57 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities.  Information about ISDA and its activities is available on the Association's web site: www.isda.org.

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