Breaking the backlog

Following a meeting last autumn between US Federal Reserve officials and major credit default swap (CDS) dealers to discuss the oft-lamented backlog of CDS confirmations, the International Swaps and Derivatives Association (Isda) rolled out its Novation Protocol to facilitate speedier, electronic communications between CDS trade counterparties when, for instance, a manager opts to transfer a CDS contract from one dealer to another. Previously, Isda's standard CDS contracts required written

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here