ISDA 2014 Derivatives Definitions Protocol

On August 21, the International Swaps and Derivatives Association (ISDA) published the ISDA 2014 Credit Derivatives Definitions Protocol (the “Protocol”). The deadline for adhering to the Protocol is September 12, 2014 and the Protocol will become effective between adhering parties on September 22, 2014. The Protocol will apply to certain (but not all) existing credit derivative transactions (“CDS”)…