isda

So can ISDA still play an effective lobbying role ?

在这种形势下，isda能继续发挥有效的游说作用吗？

For 20 years , this self-regulation worked well or so ISDA thought .

整整20年里，这种自律做法一直行之有效至少isda是这样认为的。

These days , he says that ISDA supports more regulation , and clearing platforms .

他表示，如今的isda支持加强监管和采用清算平台。

But the result was that when the financial crisis hit , ISDA brushed away calls for reform .

可结果是，当金融危机来袭时，ISDA对改革的呼声一概置之不理。

ISDA and others certainly hope so .

ISDA和其他机构当然希望可以。

ISDA officials in New York tell me that the differences seem ( to them at least ) relatively minor .

纽约的isda官员告诉我，差别相对来说似乎不大（至少在他们看来是这样）。

ISDA was able to rule that the default was a credit event and initiate a recovery auction .

当时isda能够判定那次违约属于信用事件，并实施了回收拍卖。

Instead , the word ISDA has become distinctly toxic in Washington and Brussels ' political circles .

相反，在华盛顿和布鲁塞尔的政治圈子中，ISDA这个词显然是有毒的。

But then , as so often in the corporate world , ISDA became the victim of its own success .

然而，ISDA反成了自己成功的牺牲品，这是社团常见的现象。

This year , ISDA marked its 25th birthday .

今年是isda成立25周年。

But if there is one lesson from the ISDA tale , it is that reality may not entirely match appearance .

然而，如果说可以从ISDA事件中吸取一个教训的话，那就是：事实可能并非与表象完全相符。

Netting , as the developed form is most important and fundamental not only in the ISDA Master Agreement but also in the international financial market .

与其紧密联系的净额结算是抵销的高级形态，它不仅在ISDA（国际互换与衍生交易协会）文件而且在国际金融衍生交易中都是最基本和最重要的法律问题。

But Greece , it seems , is different from Dynegy ; at least , under ISDA rules .

但目前看来，希腊似乎不同于Dynegy；起码按照ISDA的规定有所不同。

According to the master agreements of ISDA , study the contract design of credit default swap and investigate the tax , accounting , legal and regulation problems .

参考了ISDA的主约文件，探讨了我国信用违约互换的合约设计，并对税收、会计、法律和监管方面的问题进行了初步研究。

They have also just significantly boosted the ISDA budget to cope with a wave of new requests from the Federal Reserve and other regulators .

为应付美联储及其它监管机构的新一波要求，他们也刚刚大幅提高了协会的预算。

CMS rate defined and quoted by the International Swaps and Derivatives Association ( ISDA ), is widely used in the market as a reference interest rate index .

CMS利率是由国家互换与衍生金融商品协会定义的利率互换报价，为市场中广泛使用的利率参考指标。

In Chapter 2 , focused on the legal concerns of the credit derivatives transactions , ISDA Master Agreement which is widely used by traders is introduced and discussed .

第二章则切入信用衍生产品交易的法律层面上，从市场参与者最广泛使用的ISDA主协议入手，介绍和分析相关的问题。

Treasury operations ensures that ISDA agreements are in place with all counterparties before a transaction occurs , through appropriate liaison with general counsel .

“财产经营”确保交易发生前通过与总顾问进行适当的联络所有对手方都拥有isda协议。

In 1998 , International Swaps and Derivatives Association ( ISDA ) standardized credit default swap contracts , which promote this kind of financial derivatives transaction to flourish .

1998年国际互换和衍生产品协会（ISDA）将信用违约互换合约标准化，促进了这种金融衍生产品交易的蓬勃发展。

For although China 's Master Agreement carries the all-important ISDA tag , it is actually not identical to the document being used by traders in New York or London .

这是因为，尽管中国采纳的主协议带有至关重要的ISDA标志，但它实际上却与纽约或伦敦的交易商使用的协议文件并不一致。

For the story of ISDA is not just a mirror of modern finance ; it also provides a fascinating cautionary moral about the dangers of hubris and group think .

因为isda的发展历程不仅是现代金融的一面镜子，也具有奇妙的引人警醒的教育意义，它向我们揭示了自负和群体思维的危险。

The database for our examples contains records of over-the-counter ( OTC ) derivatives trades based on sample XML data provided by the International Swaps and Derivatives Association ( ISDA ) .

我们的示例应用程序的数据库中包含，基于InternationalSwapsandDerivativesAssociation（ISDA）提供的样例XML数据的衍生品柜台交易（OTCderivativestrade）记录。

They are the voting members on the so-called determinations committee , which meets under the auspices of Isda and decides whether a restructuring is a credit event .

它们是所谓的裁决委员会的成员，拥有投票权。裁决委员会在ISDA的主持下召开会议，并就某次重组是否属于信用事件做出裁决。

Most notably , the standard ISDA sovereign CDs contract says that pay-outs can only be made when a restructuring is mandatory , or a collective action clause invoked .

最明显的是，isda标准主权cds合约规定，只有进行强制性重组、或触发集体行动条款时，才能予以赔付。

But ISDA officials vehemently deny this – and insist that the blame lies with eurozone leaders , and their determination to manipulate the fine print of the rules .

但ISDA官员强烈否认了这一点&并坚称，应当受到谴责的是欧元区领导人，以及他们那种要操纵规定细则的决心。

This was not necessarily the fault of the ISDA secretariat : since the body is mostly funded by its 200-odd dealer members , these call the shots .

这未必是ISDA秘书处的过错。该机构的经费主要来自200多个交易商成员，这些交易商才是发号施令者。

For the ISDA protocol , which has been implemented in most leading markets , essentially sets out standards for trading with complex financial products – thus making nascent Chinese markets in these instruments more credible .

目前大多数主要市场都已实行了这项ISDA协议。由于它为复杂金融产品交易设定了根本标准，因此中国采用该协议也就提高了中国新生的金融产品市场的信用度。

One key reason why the industry has been so slow to adopt infrastructure changes until now is that ISDA has traditionally tended to be dominated by bankers who work on the trading side of the business .

该行业迟迟才采取基础设施改革的一个关键原因是，传统上，ISDA协会往往处于身为CDS业务交易方的银行家的控制之下。

They seem to have got their way : ISDA indicates that CDS will not be triggered by a voluntary debt swap , even if it writes the bonds ' values down by half .

他们似乎已达到了自己的目的：ISDA表示，由于债务互换是自愿行为，即便将希腊债务减记50%，也不会触发CDS偿付。

According to the data issued by ISDA , only in 1997 , the transaction scales in swap market reached to 24,110 Billion $ . It makes swap market become the most important part of the Financial Derivatives Product .

据世界国际互换交易商协会（ISDA）公布的数字，仅97年互换市场的交易规模现已达24.11万亿美元，成为世界金融衍生产品市场的重要组成部分。