ISDA Plans Equity, Novation Documents

The International Swaps and Derivatives Association is working on master equity derivatives confirmations and novation definitions.

  • 22 Feb 2004
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The International Swaps and Derivatives Association is working on master equity derivatives confirmations and novation definitions. It has already drafted the equity master agreement for U.S. underlyings and this will be published shortly. It is also planning to write similar documents for Canada and Japan. The document is designed to streamline the confirmation process and reduce the number of outstanding confirmations, explained Kimberly Summe, general counsel in New York.

The novation definitions will cover how to change the counterparty to a trade without unwinding the transaction. The ISDA master agreement requires all the counterparties to grant their consent before any switch--or novation--takes place. Summe said, however, this frequently does not happen so it is producing a best practice guide, a set of definitions and a user guide.

  • 22 Feb 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 358,291.38 1348 9.06%
2 JPMorgan 320,704.66 1461 8.11%
3 Bank of America Merrill Lynch 318,128.31 1104 8.04%
4 Goldman Sachs 236,643.87 789 5.98%
5 Barclays 231,197.41 895 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.85%
2 Morgan Stanley 16,334.63 83 7.32%
3 Citi 15,972.34 95 7.16%
4 UBS 15,487.17 60 6.94%
5 Goldman Sachs 14,053.61 76 6.30%