For users accessing the USD interest rates from the following file https://www.markit.com/news/InterestRates_yyyymmdd.zip, please be advised that the file will be discontinued as of June 12, 2009. Users should access USD interest rates from the following file: https://www.markit.com/news/InterestRates_USD_yyyymmdd.zip.

The ISDA Credit Steering Committee recommends the use of the ISDA CDS model for all fee calculations starting on Monday, June 1, 2009. The recommendation covers single-name corporate (bond and loan) and sovereign CDS for all regions and currencies and CDS index swaps including Markit CDX and iTraxx for all regions and currencies. The specification of the ISDA model for fee calculations is available at www.cdsmodel.com. The intent of this recommendation is to complete the transition to the ISDA CDS model begun with the earlier recommendation for CDX contracts. Implementations such as the Markit Converter and Bloomberg's CDSW will by default use the ISDA CDS model and related standard settings starting on June 1.

The ISDA Credit Steering Committee recommends the use of the ISDA CDS model for calculations regarding Markit CDX Index trades starting on Thursday May 7, 2009. In order to facilitate the transition, implementations such as the Markit Converter and Bloomberg's CDSW will by default use the ISDA CDS model and related standard settings. It is recommended that standard interest rate curve fixing for various currencies like EUR, GBP, JPY (similar to USD) be used while calculating unwind, assignment and upfront fees.