Dealers prepare to execute trades under overhauled CSA

12/4/2012 | Risk.net (subscription required)

Two major dealers are prepared to conduct trades with each other under a standard credit-support annex, which will launch within weeks. The CSA is intended to curtail valuation disputes. "For all intents and purposes, we're done with the development phase," said Andrew Kayiira, assistant director for U.S. public policy at ISDA, which has led the revamp. "The business specifications and requirements for the standard CSA have been completed. What we have been working on over the past three months has been implementation."

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