LOOSE CHANGE

LOOSE CHANGE

Members of the ACI committee on professionalism and executives of the International Swap Dealers Association (ISDA) met in Frankfurt recently to discuss modifications to the ISDA standard swap agreement to allow it to be used for forex forwards, says ACI Deutschland president Rolf Willi. Among those discussing the matter was ISDA chief executive Brad Ziff, who agreed to bring up the question in ISDA committees, says Willi. The ACI would like to see a standard agreement in forwards to make re