ISDA August DF Protocol: New Materials - Only 13 Days Left until May 1st

ISDA released a press release reminding market participants that there are only 13 days remaining until the May 1 External Business Conduct Rules Compliance Deadline. According to ISDA, market participants must: (a) get a CICI from DTCC (www.ciciutility.org); (b) submit an Adherence Letter to ISDA (click here for a step-by-step guide to adherence to the ISDA August 2012 DF Protocol); and (c) deliver a completed Questionnaire to swap dealer counterparties. This can be done by ISDA Amend by Markit or by other means (including email).Cadwalader serves as ISDA's attorney on the Protocols and related documents.

See new annotated versions: Protocol Agreement, Supplement, Terms Agreement, Addendum I, Addendum II, Questionnaire.See also: MFA Seeks Relief from External Business Conduct Rules for Prime Brokerage.