SIFMA AMG and ISDA Announced That CUSIPs Are Available for MAC Contracts

SIFMA Asset Management Group ("AMG") and ISDA announced they have developed CUSIP numbers for the Market Agreed Coupon ("MAC"). MAC contracts are interest-rate swap ("IRS") contracts with predefined market-agreed terms, including start and end dates, payment dates, fixed coupons, currencies and maturities. The MAC contracts were developed jointly by SIFMA AMG and ISDA in April 2013.

SIFMA AMG and ISDA stated that the establishment of CUSIP numbers will facilitate trading and transparency in the interest rate swaps marketplace. Additionally, CUSIPs will enhance the operational efficiency of these important new tools, assist in position collapsing, and streamline communications between market participants.

See: SIFMA AMG Press Release.