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International Swap Dealers Association |
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International Swap Dealers Association (ISDA) Formed in 1985 to promote uniform practices in the writing, trading, and settlement of swaps and other derivatives. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Standard & Poor's--In response to requests from members of International Swap Dealers Association (ISDA), Standard & Poor's Ratings Services today confirmed that the Termination Event found in Section 5(b)(iii) of the 2002 ISDA Master Agreement, Tax Event, is a termination event consistent with the security rating for both the security issuer and swap counterparty for swap agreements found in structured finance transactions. |
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