1. ISDA ® International Swaps and Derivatives Association, Inc. ISDA PRMIA Risk Management Seminar – Basel II and the Trading Book Review Ed Duncan, Head of Risk Management Policy, ISDA - October 9, 2007 -

2. ISDA ® Default risk in the Trading Book The Basel / IOSCO working group “package” (2005) Various industry initiatives - ISDA LIBA IIF letter (Oct 2005) - CS presentation in NYC - “strawman” principles document Proposed principles for modeling IDRC (Jan 2006)

3. ISDA ® Default risk in the Trading Book… IIF ISDA LIBA note to regulators, methodological issues warrant further study Basel / IOSCO / industry meeting in NYC (Sept 2006) CS presentation – The Trading Book Default Charge (Nov 2006) Fed Res presentation (FSI/IOSCO seminar) (Nov 2006)

4. ISDA ® Default risk in the Trading Book… ISDA IDR Working Group established, chaired by Eduardo Epperlein (Citi) Industry technical paper on IDR (ISDA LIBA IIF, Jan 2007) ISDA PRMIA seminar – Mike Gibson & Gary Dunn (Feb 2007) Modeling Constant Level of Risk – DB ISDA PRMIA presentation (May 2007) ISDA IDR Impact Study (July 2007) Assessing the impact of IDR on reg cap (Citi, Sept 2007)