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ISDA Issues Supplement to 2003 ISDA Credit Derivatives Definitions |
August 2, 2004
Previously published on May 22, 2003
On April 23. 2003, the International Swaps and Derivatives Association, Inc. ("ISDA") released a proposed
Guaranteed Obligations and Multiple Holder Obligation Supplement to the 2003 ISDA Credit Derivatives Definitions (the "Proposed Supplement"). Among other things, the Proposed Supplement attempted to resolve a potential bifurcation under the 2003 ISDA Credit Derivatives Definitions (the "2003 Definitions") between New York and Europe with respect to treatment under standard credit default swaps of guarantees provided by Reference Entities.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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