• ISDA Announces Market Practice Changes.

On December 21st, the International Swaps and Derivatives Association announced market practice changes, effective immediately, to the trading convention for credit default swaps in Japan and other parts of Asia. The changes include the adoption of standard coupons and full first coupons in CDS transactions. ISDA Press Release.

  • ISDA Publishes Portfolio Reconciliation Feasibility Study.

On December 21st, the International Swaps and Derivatives Association published its "Feasibility Study: Extending Collateralized Portfolio Reconciliations" which is intended to enhance understanding of the achievability for wider adoption of portfolio reconciliation discipline across the industry. ISDA Press Release.