Isda master agreement
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
Dealers draw up contract for covered bond CDSs
Credit Suisse, Deutsche Bank and JP Morgan expect demand for spread volatility protection on covered bonds
Cross-default dilemma
Cross-default debacle
Pushing for break-clause capital relief
Break dancing
Downgrade termination costs
Downgrade termination costs
Eurozone scenario analysis goes microscopic
Familiarity breeds content
Dealers tackle euro redenomination risks
Back to the drachma?
New Prime Finance panel could tackle debt crisis disputes
An arbitration panel set up to tackle derivatives disputes could also tackle eurozone debt crisis issues, says Jeffrey Golden, architect of the Isda master agreement
Quants call for Isda to clarify close-out values
Leading quants highlight ambiguity in Isda master agreement - but warn that resolving the issue could worsen systemic risk
Close-out convention tensions
Close-out convention tensions
Isda to review close-out value definitions
Absence of a standard approach is stifling attempts to value termination clauses, dealers complain
Push for machine-readable contracts poses problems
Rise of the machines