International Swaps and Derivatives Association

ISDA Credit Derivatives Definitions. International Swaps and Derivatives Association (ISDA) (1999). 

The rapid rise in use of credit derivatives has contributed to the liquidity and depth of this market worldwide. It has also fostered the adoption of standardized terms and definitions. Terminology and definitions in credit derivative contracts have been developed and harmonized in recent years and assisted in the takeup of these products by a variety of financial and nonfinancial institutions. The need for appropriate credit derivatives definitions have been considered by the International Swaps and Derivatives Association (ISDA). ISDA s definitions and terms are used in the confirmations and termsheets for most credit derivative transactions. 

At the time of writing, the International Swaps and Dealers Association is about to publish a new version of the ISDA Credit Derivatives Definitions. 

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