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Thanks, Lyteck. I second your proposal. The next CDWG meeting is scheduled for Wednesday,
June 11th at 9am NY/2pm LDN. As Lyteck suggests, if no unaddressed
concerns are raised on this thread prior to this meeting, we will move to adopt
this proposal at that meeting. Regards, Ben Lis Head of Product Management &
Integration T-Zero 212.323.6041 www.tzero.com From: We would like to propose the addition of new scheme
values to the “Credit Derivatives Physical Settlement Matrix” (matrixTermScheme) to support 3 new
Municipal CDS transaction types: New Transaction
Type Proposed
Scheme Value Description ------------------------------------ -----------------------------
------------------------------------------------------ U.S. MUNICIPAL GENERAL
FUND USMunicipalGeneralFund
Matrix Transaction Type of U.S. MUNICIPAL GENERAL FUND -
Please refer to the attached
supporting documentation for details. -
See attached
“credit-matrix-transaction-type-3-1-proposal.xml” for the proposed
implementation. Please provide comments via this mailing list. We propose
a final sign off at the next CDWG meeting. If approved, these new scheme values will appear in the
next published version of the matrixTermScheme. Best, Lyteck -ISDA From: Karel Engelen Ben, Attached are the new forms for the
municipal CDS. The only change required is the definition of 3 new Transaction
Types. The legal working group will give sign off on Friday after which a
pre-publication draft will be distributed. If we have a meeting next week we
should discuss this at the meeting, if not we should distribute a proposal next
week to the group so that we can sign off on these values by the following week
and put this into the 4.4 Trial Recommendation. Karel From: Shanelle Hunte On Behalf Of ISDA Legal Department REMINDER: The next Credit Derivatives - Municipals Working Group
call is scheduled for today Friday May 23. Please see below for full
details. From: Shanelle Hunte On Behalf Of ISDA Legal Department ISDA ® International Swaps and Derivatives Association, Inc. 16th floor
M E M O R A N D U M To: Credit
Derivatives - Municipals Working Group From: Mark New Date: May 20, 2008 Re: Credit
Derivatives - Municipals Working Group – revised draft and details of
next call Thank you to those who submitted comments on the first draft of the
updated documentation for Municipal CDS transactions. Please find attached for
your review revised drafts of Version 6 of the Confirmation for use with the
CDS Physical Settlement Matrix (the "Matrix Confirmation") and
Version 6 of the CDS Physical Settlement Matrix (the "Matrix").
The revised draft of the Matrix Confirmation has been marked to show changes
from the May 2 draft. As it is not possible to blackline Excel documents,
only a clean copy of the Matrix is attached. (The only changes from the
May 2 draft of the Matrix is the change to the publication date that appears in
the header and footer of the document.) The next working group call will be held this Friday May 23 at 11:30am Dialing Instructions for May 23
Conference Call Callers located in the Callers located outside the Passcode:
2073-7079 Please contact Mark New (mnew@xxxxxxxx) with any questions. Thank you. **************************************************************************************************************************
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