The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of a revised documentation template for credit default swaps referencing the iTraxx® LevX® index of European leveraged loans, an index administered by Markit Group Limited. The revised template incorporates provision for settlement by reference to an auction following a credit event, bringing the European documentation in line with the North American Loan CDS documentation in this regard.
Documentation Processing Takes on Equity Derivatives and Term Sheets
Thunderhead’s Kevin Thorogood talks documentation and how the solutions provider has already saved one client $1 million…