An Introduction to the 2014 ISDA Credit Derivatives Definitions

Summary

This practice note provides an overview of the 2014 ISDA Credit Derivatives Definitions ("2014 Definitions") published by the International Swaps and Derivatives Association ("ISDA"). It explains why ISDA definitions matter, and how they have evolved from the 2003 ISDA Credit Derivatives Definitions ("2003 Definitions") under the ISDA 2014 Credit Derivatives Definitions Protocol.