Eichhorn: Mandating Two-Way ISDA Collateralization Kept NISA Safe in 2008
David Eichhorn · David Eichhorn - Serving Clients and Reducing Risk at NISA (EP.403) · Sep 2, 2024 · at 30:02
David Eichhorn, CEO of NISA Investment Advisors, discusses counterparty risk management and ISDA terms established before the 2008 financial crisis.
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“So fortunately, with a lot of work, we got those ISTAs set up at that moment to be collateralized fully in each direction. So we'd post, they would post, and that kept us out of a lot of trouble in oh eight, oh nine, and still a scary time in a lot of ways, but that was critically important.”
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