Source: https://www.isda.org/protocol/isda-2014-credit-derivatives-definitions-protocol/
Timestamp: 2018-04-23 23:12:18
Document Index: 201856851

Matched Legal Cases: ['art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 8', 'art 9', 'art 10', 'art 11', 'art 12', 'art 13', 'art 14', 'art 15', 'art 16', 'art 17', 'art 18', 'art 19']

ISDA 2014 Credit Derivatives Definitions Protocol | International Swaps and Derivatives Association
Open from August 21, 2014
The 2014 ISDA Credit Derivatives Definitions Protocol amends certain credit derivative transactions to incorporate the 2014 ISDA Credit Derivatives Definitions in place of the 2003 ISDA Credit Derivatives Definitions. These changes are scheduled to go into effect on September 22, 2014, which is the planned date for trading on the new Definitions to begin.
Please refer to the “Frequently Asked Questions” below for more information on the background and substance of the Protocol, including the scope of covered transactions, Reference Entities excluded from the Protocol, and some of the key differences between the 2014 Definitions and the 2003 Definitions.
The Protocol is open to ISDA members and non-members. Parties will pay a one-time fee of $500 to ISDA to adhere to the Protocol.
**IMPORTANT UPDATE on the ISDA 2014 Credit Derivatives Definitions Protocol:** This protocol is now closed as of 12 noon, New York time, on Wednesday, September 17, 2014 and per the terms of the protocol agreement you are no longer able to submit an adherence letter for this protocol. ISDA has determined that all eight Reference Banks have adhered to the Protocol as at 5pm New York time on Wednesday September 17, 2014, and therefore the Protocol Effectiveness Condition is satisfied
Early adherence will help ensure parties have time to identify counterparty adherents, bilaterally negotiate with non-adherents and establish the operational and other internal policies and procedures that underpin the Protocol. We urge parties to adhere well before the deadline to reduce the risk of processing delays, either of the Adherence Letter or by counterparties.
IMPORTANT: If you do not include a DTCC account number, your trades will not automatically be included in DTCC's bulk update process and you will need to manually update DTCC trades to the 2014 Definitions, to reflect the amendments of the Protocol. We strongly encourage you to enter a DTCC number for each adhering principal or client/fund.
Please also note that Adherence letters will only be processed on business days and therefore parties should submit their adherence letters taking this into account.
ISDA has prepared this list of frequently asked questions to assist in your consideration of the ISDA 2014 Credit Derivatives Definitions Protocol (the Protocol).
ADHERENCE PROCESS QUESTIONS (SEE BELOW)
GENERAL & OPERATIONAL QUESTIONS (CLICK HERE)
Yes. The cut-off date for adherence to this Protocol is September 12, 2014.
Yes. Parties have the right to revoke their adherence by submitting a written revocation notice in the form set out in the Protocol. Any revocation notice must be submitted by the cut-off date (Friday September 12). Although the cut-off date can be extended in certain circumstances set out in the Protocol, if the cut-off date is not extended, it will not be possible to revoke adherence after that date.
9. What if I am an investment or asset manager, and not all of my discretionary management agreements permit me to amend my client’s agreements?
10. Do I need to enter a DTCC Account Number?
This is an optional field, however, for the 2014 Credit Derivatives Definitions Protocol market participants are strongly encouraged to enter this number(s) for reconciliation purposes for each adhering entity. So if you are listing several funds, you should provide a DTCC number in the field provided for each fund. If you don’t know your DTCC Participant Account(s) there are a few options on obtaining this information. You can receive this information by contacting your Super Access Coordinator within your firm or you can email DerivSERV Operations at DerivSERV_Operations@dtcc.com.
View Adhering Parties	ISDA 2014 Credit Derivatives Definitions Protocol Amendments and Clarifications, September 8, 2014	Decision, October 20, 2015	File download of Adhering Parties (updated in real time)	List of Revocations
Supplement to the ISDA 2014 Credit Derivatives Definitions Protocol as published by the International Swaps and Derivatives Association, Inc. on August 21, 2014	Excluded Reference Entity List	Annex 1 - Fixed Recovery APs	Annex 1 - LPN APs	Annex 1 - Monoline Reference Entities APs	Annex 1 - Recovery Lock APs	Annex 1 - Hungary APs	Annex 1 - Secured Deliverable Obligation Characteristic APs	Annex 1 - Sukuk APs	Annex 1 - Restricted Delivery Party APs	Annex 1 - Restricted Delivery Party Further APs	Annex 1 - Index Contingent CDS APs	Annex 1 - Index loss at Maturity APs	Part 2 - Nth to Default STS	Part 3 - Global Tranched Transactions STS	Part 4 - Global Tranched Transactions Cash Settlement Annex	Part 5 - Global Tranched Transactions Loan Settlement Annex	Part 6 - Global Tranched Transactions Loss at Maturity Annex	Part 7 - Single Name Swaption STS	Part 8 - iTraxx® Europe Legacy Untranched STS	Part 9 - iTraxx® Europe Legacy Tranched STS	Part 10 - iTraxx® Europe Legacy Untranched Transactions Swaption STS	Part 11 - iTraxx® Asia/Pacific Legacy Untranched STS	Part 12 - iTraxx® Asia/Pacific Legacy Tranched STS	Part 13 - iTraxx® Asia/Pacific Legacy Untranched Transactions Swaption STS	Part 14 - iTraxx® SovX Legacy Untranched STS	Part 15 - iTraxx® SovX Legacy Untranched Transactions Swaption STS	Part 16 - CDX Untranched Swaption STS	Part 17 - CDX Untranched STS	Part 18 – CDX Tranche STS	Part 19 – CDX Emerging Markets Legacy Untranched STS