ISDA Plans For Calpine Index Trades Mirrors Delphi Deal
Dow Jones - January 3, 2006
ISDA has published a plan to allow credit derivatives index investors to settle their trades via cash rather than bonds.
These plans are like those used for Delphi Corp. The ISDA plan calls for an auction to determine the final prices of certain
Calpine bonds. The auction is slated for January 17 and will be administered by Markit and Creditex.
