For Immediate Release, Monday, March 8, 2010
For More Information, Please Contact:
Cesaltine Gregorio, ISDA New York, +1 212-901-6019, firstname.lastname@example.org
Deirdre Leahy, ISDA New York, +1 212-901-6021, email@example.com
Donna Chan, ISDA Hong Kong, +852 2200 5906, firstname.lastname@example.org
ISDA Publishes the Market Review of OTC Bilateral Collateralization Practices and Independent Amount Whitepaper
“Collateralization has become a key method of mitigating counterparty credit risk in the derivative markets,” said Julian Day, Head of Trading Infrastructure, ISDA. “ISDA and the industry continue to work toward the increased smooth functioning of the collateralization process of OTC derivatives transactions through its efforts in relation to standards and best practices, and collateral law reform efforts across the globe.”
The documents are designed to provide better understanding of current market practices. In these documents, a number of recommendations were made for market participants to enhance practice or understanding in the collateral management arena.