The International Swaps and Derivatives Association is planning to publish an updated version of the pay-as-you-go template it published last June for credit-default swaps on asset-backed securities. As DW went to press, ISDA said it expected to circulate the draft for feedback last Friday, with a view to publishing it this week. The new version will not be substantively different, ISDA officials and dealers involved in the discussions said. It will just be cleaner, and will incorporate small changes in market practice since June.
Updates Planned To Pay-As-U-Go CDS On ABS Docs ...
