What are the changes to the Settlement Methodology?
100/500 trades will be subject to Auction Methodology, with Fallback Settlement Method of Physical Settlement. The 2009 ISDA Credit Derivatives Determinations Committees and Auction Settlement Supplement to the 2003 Credit Derivatives Definitions (discussed above) applies to these trades, whether confirmed on paper or in DTCC, and will be incorporated into the DTCC Operating Procedures as well as the Matrix and long form template.
