Credit Derivatives Determinations Committee - Credit Derivatives Provision

2014 ISDA Credit Derivatives Definitions A Jolly Contrarian owner’s manual™ 1.6 in a Nutshell™ The JC’s Nutshell™ summary of this term has moved uptown to the subscription-only ninja tier. For the cost of ½ a weekly 🍺 you can get it here. Sign up at Substack. You can even ask questions! Ask about it here. 1.6 in all its glory Section 1.6 Credit Derivatives Determinations Committee. “Credit Derivatives Determinations Committee” means each committee established pursuant to the DC Rules for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions . edit 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 Premium version of this page

Overview

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Summary

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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.

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See also

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• Successor and the worked example of how Credit Suisse became UBS.