LCDS Management

The DCs do not manage the credit event settlement process for loan-only CDS (LCDS) events but ISDA does facilitate the process by publishing auction terms on this website.

The auctions for LCDS Credit Events are administered by Markit and Creditex. Details can be found on website.


Active Events

Active Events are ongoing events where LCDS dealers have voted to hold an auction to settle loan-only CDS transactions referencing a specific Reference Entity.

Toys “R” US – Delaware, Inc. – LCDS Credit Event

LCDS past events are listed in the following archives:


Credit Event Timeline

The Credit Event timelines contain information such as, but not limited to, Common event Determination Date, USA deadline and Auction Date.