Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
ISDA has reopened the CDS NTCE Protocol prior to its effective date on Jan. 27, 2020. The Protocol will remain open for adherence until noon on Friday, Jan. 24, 2020.
ISDA has reopened the CDS NTCE Protocol prior to its effective date on
Jan. 27, 2020. The Protocol will remain open for adherence until
noon on Friday, Jan. 24, 2020.
The Protocol has been reopened to allow parties that did not
adhere or that were not yet in existence during the initial
adherence period for the Protocol to adhere. The Protocol has
been generally successful, with 1,300 adhering parties as of Jan.
6, 2020. This is reflective of broad market support for the
proposed changes. That being said, there are still a
number of considerations for market participants related to
adherence, such as value transfer and the liquidity, operational,
regulatory and reputational consequences of nonadherence.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
