ISDA to Publish Protocol on GSE Derivatives

The International Swaps and Derivatives Association, New York, has announced that it will publish a protocol to facilitate settlement of credit derivative trades involving Fannie Mae and Freddie Mac. The decision to establish the protocol was made after consultation with industry participants, the ISDA said. The protocol will be open to ISDA members and nonmembers alike. Fannie and Freddie were taken over and placed in conservatorship by the U.S. government on Sept. 7. The association can be found on the Web at http://www.isda.org.