New Developments: Credit Derivatives and Swaps Credit Derivatives and Swaps
Credit Derivatives and Swaps

August 13, 2012
CFTC’s Final Rules Definition of Swap, Security-Based Swap, and Security-Based Swap Agreement.

May 14, 2012
CFTC Proposes Order Amending Effective Date for Swap Regulation to December 31, 2012 (or until the CFTC's rules and regulations go into effect, whichever is sooner).


March 9, 2012
ISDA EMEA Determinations Committee Has Determined Restructuring Credit Event Has Occurred With Respect to Greece Exchange Offer.

March 1, 2012
ISDA EMEA Determinations Committee Determines Credit Event Has Not Occurred with Respect to Greek Restructuring.

August 3, 2011
EMTA Announces 2Q 2011 EM CDS Volume Stood at US$240 Billion.

May 23, 2011
EMTA Announces 1Q 2011 EM CDS Volume Stood at US$306 Billion.

March 1, 2011
EMTA Announces 4Q 2010 EM CDS Volume Stood at US$208 Billion.

January 13, 2012
CFTC Issues Final Order Amending Effective Date for Swap Regulation.

January 12, 2011
EMTA Announces 3Q 2010 CDS Volume Stood at US$394 Billion (Revises 1Q 2010 and 2Q 2010 CDS Volumes).

August 10, 2010

EMTA Announces 2Q 2010 EM CDS Volume Stood at US$658 Billion.

July 21, 2010

EMTA Announces 1Q 2010 EM CDS Volume Stood at US$487 Billion.

July 13, 2010

EMTA Announces 2009 Annual EM CDS Volumes Stood at US$1.191 Trillion.

December 17, 2009

Coupon Standardization for Asia CDS Markets.

September 11, 2009

Emerging Markets Changes Relating to Coupon Standardization of CDS Contracts.

July 22, 2009

ISDA's Small Bang Protocol: Auction Settlement following a Restructuring Credit Event (Cadwalader, Wickersham & Taft Memo).

July 13, 2009

Emerging Markets Coupon Standardization.

June 1, 2009

EMTA/ISDA Market Practice for Quarterly Rolls on EM CDS Contracts, Effective June 22, 2009.

March 13, 2009

EMTA and ISDA Publish New Joint Market Practice No. 2 on Non-Deliverable Swap Transactions. Conforming changes also have been made to EMTA ISDA Joint Market Practice No. 1. EMTA Members only may view the newly issued and amended joint Market Practices.

October 19, 2005

FRBNY Releases Statement on Credit Derivatives in Response to Industry Letter.


May 12, 2004

EMTA Announces 2003 Annual Emerging Markets Credit Derivatives Stood at US$197 Billion.

November 21, 2003 Quarterly NDF and EM Credit Derivatives Surveys Suspended Pending Further Development.