"Big Bang" Protocol
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. 
The Protocol represents the final step in the process known as “hardwiring”, or the incorporation of auction settlement terms into standard CDS documentation. 
- Markets Appear Ready for "Big Bang" in CDS Market. FinanceTech.
- ISDA Announces Successful Implementation of 'Big Bang' CDS Protocol. ISDA.