Credit Derivatives / Credit Default Swaps

This section catalogues ISDA’s work across the credit derivatives space:  documentation, public policy, market structure, market practices, research and other areas.

Key links

Definitions, Matrices and Bookstore page

Credit Derivatives Initiatives

 

Links to documentation, matrices, best practice statements, guidance notes, FAQs, memorandums and other useful material pertaining to the Credit Derivatives on the Market Infrastructure and Technology page:

As with all market information and guidance that ISDA disseminates, parties are free to choose alternate means of addressing the event. Each market participant remains responsible for considering its own documentation and the specific terms of its own trades and forming its own conclusion on the proper interpretation of events.


DateTitle / DescriptionDocuments
October 6, 2011
Standardisation 2010 – Final Credit Derivatives Matrix and Legend
2010 Standardisation Matrix / corresponding legend
Credit_Standardisation Matrix - Final June 2010.pdf Standardization Legend - Credit Final.pdf
September 20, 2011
Cross Asset Standardisation Matrix – 2011 templates
2011 Standardisation Matrix templates for Credit, Equity and Interest Rate Derivatives
Cross Asset Standardisation Matrix - 2011 templates.xls
September 20, 2011
Standardisation Legend 2011- Credit- Final
2011 Standardisation Matrix Definitions and Reporting Explanations for Credit Derivatives
Standardization Legend 2011 - Credit- Final.doc
July 1, 2011
2011 Credit Clearing Comparative Analysis
For additional background, please see: http://www2.isda.org/news/credit-clearing-comparative-analysis-available
CIG Credit Clearing Comparative Analysis v1.0.pdf
July 1, 2011
2011 Credit Clearing Comparative Analysis: CCP Snap-Shot Matrices v1.0
For additional background, please see: http://www2.isda.org/news/credit-clearing-comparative-analysis-available
20110629 MN comments CCP Snap-Shot Matrices v1 0 29 June-11.pdf
May 27, 2011
Clarification Pertaining to the Documentation of Recovery Lock Credit Derivative Transactions
20110527_Final_Clarification-pertaining-to-RLs.pdf
January 20, 2011
Credit Derivatives Physical Settlement Matrix
Link to historical Confirmations documents
CDS-Confirmations.html
January 20, 2011
Credit Derivatives Physical Settlement Matrix
Link to historical Matrix spreadsheets
CDS-Matrix.html
November 8, 2010
Credit Derivatives Physical Settlement Matrix
2005 Matrix Supplement
2005-Supplement-for-CDS-Matrix.pdf
October 8, 2010
Credit Derivatives Physical Settlement Matrix
Commentary
Commentary-for-CDS-Supp.pdf