The International Swaps and Derivatives Association, Inc. has successful implementation of its new settlement protocol for credit default swap (CDS) transactions, the association said Wednesday.It reports that over 2,000 parties adhered to the so-called “big bang” protocol, which represents the final step in the process known as “hardwiring”, involving the incorporation of auction settlement terms […]
Program would apply to proposed central counterparty for CDS trades
Senior supervisors group issues report on management of recent CDS credit events