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A-Team Insight Blogs

ISDA and S&P Indices to Co-brand S&P Credit Default Swap Indices

The International Swaps and Derivatives Association, Inc. (ISDA) and S&P Indices announced today that they will co-brand S&P’s 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 U.S. corporate credits and increase transparency for market participants.

“We are very pleased to announce this partnership with S&P Indices,” said 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.”

“We are excited to co-brand our family of CDS indices with ISDA, the premier trade organization of participants in the over-the-counter derivatives markets,” said Alexander Matturri, Executive Managing Director at S&P Indices. “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.”

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, which consist of the following:

? S&P/ISDA 100 CDS
? S&P/ISDA CDS U.S. Investment Grade
? S&P/ISDA CDS U.S. High-Yield
? S&P/ISDA CDS U.S. Homebuilders Select 10
? S&P/ISDA CDS U.S. Consumer Discretionary Select 20
? S&P/ISDA CDS U.S. Consumer Staples Select 10
? S&P/ISDA CDS U.S. Energy Select 10
? S&P/ISDA CDS U.S. Health Care Select 10
? S&P/ISDA International Developed Nation Sovereign CDS
? S&P/ISDA Eurozone Developed Nation Sovereign CDS

Additional information, including current spread and daily CDS price changes, on the S&P/ISDA CDS Indices is available on the ISDA CDS Marketplace SM and S&P Indices.

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