Difference between revisions of ""Big Bang" Protocol"

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The Protocol represents the final step in the process known as “hardwiring”, or the incorporation of auction settlement terms into standard CDS documentation. <ref>{{cite web|url=http://www.isda.org/press/press040809.html|name=ISDA Announces Successful Implementation of 'Big Bang' CDS Protocol|org=ISDA|date=April 14, 2009}}</ref>  
 
The Protocol represents the final step in the process known as “hardwiring”, or the incorporation of auction settlement terms into standard CDS documentation. <ref>{{cite web|url=http://www.isda.org/press/press040809.html|name=ISDA Announces Successful Implementation of 'Big Bang' CDS Protocol|org=ISDA|date=April 14, 2009}}</ref>  
  
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More than 2,000 market participants have signed on to the protocol. AIG's financial products unit was among those who did not.
  
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== References ==
 
== References ==

Revision as of 13:35, 14 April 2009


The "Big Bang" Protocol is an initiative launched on April 8, 2009 by the International Swaps and Derivatives Association Inc. (ISDA) to help strengthen the credit default swap markets. [1]

The Protocol represents the final step in the process known as “hardwiring”, or the incorporation of auction settlement terms into standard CDS documentation. [2]

More than 2,000 market participants have signed on to the protocol. AIG's financial products unit was among those who did not.


References

  1. Markets Appear Ready for "Big Bang" in CDS Market. FinanceTech.
  2. ISDA Announces Successful Implementation of 'Big Bang' CDS Protocol. ISDA.