International Swaps and Derivatives Association (Isda)
CDS dealers surprised by announcement of Ambac credit event
Isda has classified a restructuring of Ambac's RMBS-related exposure as a bankruptcy, triggering thousands of CDS.
Mastering sharia
The International Swaps and Derivatives Association and the International Islamic Financial Market published the long-awaited Islamic master agreement in March after more than three years of negotiations. Market participants welcome the document, but say…
Credit concerns grow as Chinese companies shun new documentation
Credit concerns grow as Chinese companies shun new documentation
Out of wedlock
Western dealers and their Chinese counterparts have fundamentally different views on how the use of collateral agreements should underpin repurchase agreements and financial derivatives transactions. This culture clash is causing acute problems for China…
