DC Secretary - Credit Derivatives Provision

2014 ISDA Credit Derivatives Definitions A Jolly Contrarian owner’s manual™ Resources and navigation Resources (full wikitext) | (nutshell wikitext) | Anatomy | Narrowly-tailored credit event | Equity v credit derivatives showdown Index: Click ᐅ to expand: Credit Derivatives Section 1.9 in a Nutshell™ Use at your own risk, campers! Template:Nutshell Credit Derivatives 1.9 view template Full text of Section 1.9 Section 1.9 DC Secretary. “DC Secretary” has the meaning given to that term in the DC Rules. view template Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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Summary

The DC Secretary is responsible for various administrative tasks, including distributing questions submitted by eligible market participants to the relevant DC members, convening DC meetings, and publishing the results of DC votes. The DC secretary does not vote on whether credit events have occurred.

In October 2018 ISDA got out of the business of managing the Credit Derivatives Determinations Committee by spinning off DC Administration Services, Inc. to act as DC Secretary, a role ISDA performed since the DCs were established in 2009.

DCAS is managed by an independent board of directors and engage external service providers to perform certain administrative tasks such as Citadel SPV LLC who provides management support services.

ISD no longer participates in the DC process.

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See also

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