Jon Kibbe, Julia Lu Fu, Publications
Memorandum: European Leveraged Loan Credit Default Swap
October 22, 2007
The ISDA Euro LCDS product commenced trading in the market beginning August 6, 2007. Although predicated upon the terms of its European predecessor and informed by the development of its U.S. counterpart, the ISDA Euro LCDS is a unique loan credit default swap product. Jon Kibbe and Julia Fu have written a memorandum reviewing the background, evolution and key features of the ISDA Euro LCDS in some detail. Please find it below.
