NEW YORK, Wednesday, September 24, 2008 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced the results of its Mid-Year 2008 Market Survey of privately negotiated derivatives. A webcast of ISDA Executive Director and Chief Executive Officer Robert Pickel discussing these statistics and recent market developments is available at https://secure.webex.com/g2.asp?id=WZSBDIOL. Please note that recipients will need Media Player to listen to the presentation.

"The derivatives business overall showed consistent growth over the first half of 2008, but what we are beginning to see in credit derivatives is a downturn in the notional volumes - the total amount of trades that are outstanding," said Robert Pickel, Executive Director and Chief Executive Officer, ISDA. "This decrease primarily reflects the industry's efforts to reduce risk by tearing up economically offsetting transactions, and demonstrates the industry's ongoing commitment to reduce risk and enhance operational efficiency. We ...   more »