ISDA published new standard definitions for documentation of digital asset derivatives trading.
News & Insights
In a white paper, ISDA examined credit risk and legal issues related to (i) netting of derivatives transactions involving digital assets and (ii) using digital assets as collateral.
ISDA, the International Capital Market Association and the International Securities Lending Association signed a memorandum of understanding intended to enhance collaboration for the development of a "Common Domain Model."
The First Department of the New York Appellate Division found that the seller of protection under a credit default swap ("CDS") did not act in bad faith when it took certain actions affecting the price of a security that effectively reduced the settlement amount owed by the seller under the CDS.
The Structured Finance Industry Group, Inc. ("SFIG") and SIFMA filed an amicus brief urging the U.S. Supreme Court to grant certiorari and reverse a Second Circuit ruling that the application of state usury laws to third-party assignees is not preempted by the National Bank Act . In Midland Funding and Midland Credit Management, Inc. v. Saliha Madden , the lead plaintiff defaulted on a credit card loan made by a national bank. The loan was then sold to a collection company that raised the rate on the loan to 27% per annum, which rose above the permitted rate in New York of 25% per annum. The