Isda proposes new central hub for critical notices

Trade body seeks industry feedback on one-stop shop for default notices and other critical comms; sceptics say the service is “not a universal solution”

Central-hub montage

Sending critical notices to counterparties can involve multiple forms of communication: hand-delivering the notice, sending it to the counterparty’s general counsel, emailing it to designated recipients at the firm, and just to make sure, dusting off the fax machine.

But is there an easier way?

That’s the question the International Swaps and Derivatives Association is asking as it looks to develop a new one-stop shop for sending and receiving notices, a central notice hub.

The hub is still in

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