The International Swaps and Derivatives Association, Inc. (ISDA) and S&P Indices will co-brand S&Ps existing Credit Default Swap (CDS) Indices as S&P/ISDA CDS Indices.
The S&P/ISDA CDS Indices seek to reflect the credit default swap market for US corporate credits and increase transparency for market participants. The current family of indices to be co-branded by ISDA and S&P Indices includes the CDS Benchmarking Indices, the CDS Sector Indices and the CDS Sovereign Indices.
We are very pleased to announce this partnership with S&P Indices, says Robert Pickel, ISDA executive vice chairman. The S&P/ISDA CDS Indices will continue to provide market participants a key benchmark designed to further increase transparency and efficiency in the OTC derivatives market.
Alexander Matturri, executive managing director at S&P Indices, adds: We are excited to co-brand our family of CDS indices with ISDA, the premiere trade organization of participants in the OTC derivatives markets. S&P/ISDA CDS Indices offer market participants additional, important transparency and insight into the credit default swap market. By working closely with ISDA and market participants, we expect to broaden the family of S&P/ISA CDS Indices and attract even greater interest in these indices by both institutional investors and dealers alike.
(CM)