On the 12th March 2009, ISDA announced that it has launched a standardised auction settlement supplement and protocol which can be incorporated in credit default swap transactions, it also published the following standard documents which have general application:

  • close-out amount protocol;
  • 2009 America's Master Equity Derivatives Confirmation Agreement;
  • Internal Novations Notice. It sets out the understanding between the parties to the Master Agreement where there is a novation of the Master Agreement and two of the three parties to the Novation are the same party.