The International Swaps and Derivatives Association (ISDA) has announced that, after consultation with industry participants, it will launch a protocol to facilitate settlement of credit derivative trades involving Fannie Mae and Freddie Mac, the US government sponsored entities that went into conservatorship of the US government, effective Sunday, September 7.
The Protocol will be open to ISDA members and non-members alike. ISDA will publish further details in due course.
