Credit Derivatives Determinations Committee - Credit Derivatives Provision
2014 ISDA Credit Derivatives Definitions
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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.
- The JC’s famous Nutshell™ summary of this clause