iOS app Android app

Credit Derivatives Market

Greece and Credit Default Swaps: Bucking the ISDA Cartel

Janet Tavakoli | Posted 05.03.2012 | Business
Janet Tavakoli

The disputes over credit default swaps on Greece highlight the fact that most participants in the credit derivatives market are at the mercy of ISDA when it comes to interpretation of ISDA's language. The only solution to that is to exercise one's rights.