ISDA sets new market standards for CDS in Asia

HONG KONG, Oct 29 (Reuters) - Credit derivative markets in Asia will soon adopt standard coupons and the payment of full first coupons following similar changes in other regions like Europe and North America, the International Swaps and Derivatives Association said on Thursday.

Credit default swaps (CDS) contracts in Japan will trade standard coupons of 25 bps, 100 bps and 500 bps while those in Asia outside Japan will trade standard coupons of 100 bps and 500 bps, a statement from the trade body said.

The changes will take effect from Dec. 20. (Reporting by Umesh Desai; Editing by Neil Fullick)