The EU Commission accepts remedies proposed by companies active on the credit default swaps market (ISDA / Markit)

Antitrust: Commission accepts commitments by ISDA and Markit on credit default swaps* The European Commission has adopted a decision that renders legally binding commitments to licence inputs for credit default swaps, offered separately by the International Swaps and Derivatives Association Inc. (ISDA) and information service provider Markit. The Commission had competition concerns relating to the licensing of intellectual property that is needed to offer trading services on the market for credit default swaps (CDS). These concerns related to the “final price”, which is used to value CDS if there is a default, and to the licensing of specific CDS indices. The commitments address these concerns as they will make it easier to trade CDS on exchanges, while improving transparency. The

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European Commission, The EU Commission accepts remedies proposed by companies active on the credit default swaps market (ISDA / Markit), 20 July 2016, e-Competitions Bulletin July 2016, Art. N° 80283

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