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 1. Legal
 2. Amicus Briefs
 3. In re Brazos Electric Power Cooperative, Inc.

Amicus Briefs Legal


IN RE BRAZOS ELECTRIC POWER COOPERATIVE, INC.

October 11, 2022

ISDA and SIFMA submitted an amicus brief in support of the bankruptcy creditor
counterparties in the U.S. Bankruptcy Court in the Southern District of Texas. 
The amicus brief argues that, under the terms of the 1992 Master ISDA,
non-defaulting swap counterparties are neither required to (1) provide Reference
Market-makers with a copy of the Credit Support Annex between them and the
defaulting counterparty to complete the Market Quotation process, nor (2) take
the defaulting counterparty’s creditworthiness into consideration when assessing
the amount of “Loss.”


DOCUMENTS (1) FOR IN RE BRAZOS ELECTRIC POWER COOPERATIVE, INC.

 * Amicus Brief, ECF No. 2380(196779749.1)(pdf) will open in a new tab or window


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