ISDA updates documentation for "Bullet LCDS"

04/13/2010 | SRZ.com

The International Swaps and Derivatives Association recently published documentation for bullet loan credit default swaps, superseding a supplement published in May 2007. The updated documentation will govern single-name LCDS and untranched loan index CDS in North America. This article explains the key aspects of the Bullet LCDS documentation, including the introduction of a new "Refinancing Event."

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