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On July 14, 2009, the International Swaps and Derivatives Association, Inc. (“ISDA”) published the 2009 ISDA Credit Determinations Committees, Auction Settlement and Restructuring Supplement (the “Restructuring Supplement”) to the 2003 ISDA Credit Derivatives Definitions (the “Definitions”) and on July 18, 2009, it published proposed supporting revisions to the Credit Derivatives Determinations Committees Rules.  The Restructuring Supplement expands the ISDA Credit Derivatives Determinations Committees Auction Settlement Supplement published in March (the “March 2009 Supplement”) to cover hardwired auction settlement following a Restructuring Credit Event. https://www.cadwalader.com/resources/clients-friends-memos/isdas-small-bang-protocol-auction-settlement-following-a-restructuring-credit-event