"New Standard for CDS: The 2014 ISDA Credit Derivatives Definitions" by Jon Kibbe, Jennifer Grady, Julia Lu and Richard Lee

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September 8, 2014

Credit default swap market participants will soon experience the most significant ISDA-led product shift since the implementation of the 2009 auction settlement and determinations committee rules. The 2014 ISDA Credit Derivatives Definitions comprehensively update the 2003 ISDA Credit Derivatives Definitions, and effectuate a re-launch of CDS as a fungible and effective risk transfer product that is poised for the world of central clearing and for future credit market innovations and challenges.

In this memorandum, “New Standard for CDS: The 2014 ISDA Credit Derivatives Definitions”, Richards Kibbe & Orbe attorneys Jon Kibbe, Jennifer K. Grady, Julia Lu and Richard J. Lee discuss a select number of key changes and expected improvements that come with the new definitions.

Please click here to read the memorandum.