The International Swaps and Derivatives Association, Inc. (ISDA) today published the first list of deliverable obligations to be included in the CDS Protocols for the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), the US government sponsored entities that recently went into conservatorship.
The first list of deliverable obligations will be supplemented and modified following comments from market participants according to procedures that ISDA has published on its website. No additional obligations may be submitted after 5 pm New York time on Wednesday, September 24, 2008. The final deadline to submit objections to obligations on the lists is noon NY time on Friday, September 26, 2008.
ISDA expects to publish the final lists of Deliverable Obligations, along with the final version of the Protocols for Fannie Mae and Freddie Mac, on Monday, September 29.
The first list of deliverable obligations and additional information are available on the Association’s website at http://www.isda.org/.