Presentation: The Loan Syndications and Trading Association
May 16, 2007
Loan Only Credit Default Swaps
Location: Hyatt Grand Central, New York City
Jennifer Grady participated in a panel discussion on effective preparation for and response to a Credit Event in the U.S. loan credit default swap market. Jennifer discussed the physical settlement mechanism and timeline under the current standard single-name LCDS contract, as well as the anticipated cash settlement mechanics under the newly developed loan credit default swap index product (LCDX) and the revised standard single-name LCDS contract, each expected to be launched in early May 2007.
