“How ISDA Took On the Confirmations Backlog” – International Financial Law Review

Excerpt:¬†Kenneth Raisler and Lauren Teigland-Hunt examine ISDA’s Novation Protocol and its impact on the credit derivatives market… “The Novation Protocol amendments were developed to address the challenges in the processing of novations that were contributing to confirmation backlogs with respect to both credit and interest rate derivative transactions.”

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