The International Swaps and Derivatives Association (ISDA), after consultation with industry participants, it will launch a protocol to facilitate settlement of credit derivative trades involving Fannie Mae and Freddie Mac, the U.S. government sponsored entities that went into conservatorship of the US government, effective Sunday, Sept. 7.
This Protocol will be open to ISDA members and non-members alike, according to a press release from the association. ISDA will publish further details later on.
