Research and Markets: A Practical Guide to the 2003 ISDA Credit Derivatives Definitions

Business Wire, May 7, 2004

Business Editors

DUBLIN, Ireland--(BUSINESS WIRE)--May 7, 2004

Research and Markets (http://www.researchandmarkets.com) has announced the addition of A Practical Guide to the 2003 ISDA Credit Derivatives Definitions to their offering.

This guide is a user-friendly guide to these complex definitions for market practitioners and those new to credit derivatives documentation.

In addition to a comprehensive section by section commentary on the Definitions themselves, this book ensures that you understand:

- the evolution of the global credit derivatives market, the main credit derivative products and risks associated with them

- legal issues affecting credit derivatives

- new developments in the credit derivatives market, including master confirmation agreements, ISDA credit derivatives documentation projects and electronic processing of credit derivatives contracts.

This book includes a glossary of key terms used in the Definitions as well as reproduction of the Definitions, the May 2003 Supplement to the Definitions and the 60 Business Day cap side letter all reproduced with the kind permission of the International Swaps and Derivatives Association, Inc.

"Credit Derivatives Definitions" is Paul Harding's lucid contribution to sorting out the evolution and current issues of ISDA language. He clearly defines key products and then clearly defines the key issues surrounding the documentation of these products. Harding translates the international Tower of Babelof ISDA documentation and achieves the previously impossible task of writing a book about credit derivatives documentation that is a pleasure to read. Paul Harding's book is an essential addition to the desk of every credit derivatives trader, structurer, marketer, and investor. - Janet Tavakoli

President, Tavakoli Structured Finance, Inc.

For more information visit http://www.researchandmarkets.com/reports/c1792