The 2014 ISDA Credit Derivatives Definitions are an updated and revised version of the 2003 ISDA Credit Derivatives Definitions, a document that contains basic terms used in the documentation of most credit derivatives transactions.
The 2014 Definitions introduce the standard reference obligation (SRO), allowing for the adoption of a standardized reference obligation across all market standard CDS contracts on the same reference and seniority level.
IHS Markit is the appointed SRO administrator and will publish the SRO list specifying the reference obligation for SRO applicable names. The SRO list is for use in accordance with the 2014 ISDA Credit Derivatives Definitions and the SRO Rules.
The next SRO quarterly submission date is May 3, 2018.
For any SRO related questions or challenges please contact IHS Markit.
Register for the SRO list