The International Swaps and Derivatives Association, Inc. (ISDA) today published the first list of obligations for which a monoline insurer is the reference entity, a service announced on February 21. The list is available on the Association’s website.
The purpose of the list is to provide information as to the range of obligations that market participants believe may be delivered in the occurrence of a credit event. However, publication of the list does not indicate that ISDA believes that such a credit event with respect to any particular entity or class of entities is imminent or likely.
ISDA will update the list regularly. Answers to frequently asked questions are available at http://www.isda.org/.
