ISDA Issues Updated Credit Derivatives Definitions

ISDA issued its 2014 ISDA Credit Derivatives Definitions, which is an updated and revised version of the 2003 ISDA Credit Derivatives Definitions – a document that contains the basic terms used in the documentation of most credit derivatives transactions.

Trading that makes use of the new definitions is scheduled to begin on September 22, 2014.

See: ISDA Press Release; 2014 Credit Derivatives Definitions Standard Reference Obligations FAQ.