European loan derivatives docs set for May
The International Swaps and Derivatives Association will publish an industry-wide standard contract for trading loan derivatives in Europe by the end of May, according to David Geen, Isda’s European general counsel in London.
Isda has been leading discussions since the end of last year with a working group of eight to 10 dealers, and a wider group of bankers and end-users, to decide a contract that could result in increased volumes of trades.
“People are waiting for an Isda document before they
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