NEW YORK, Thursday, February 26, 2009 âThe International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of the ISDA CDS Standard ModelTM as an open source project. The model has its basis in J.P. Morganâs CDS Analytical Engine, which was transferred to ISDA on January 29, 2009. The code underlying the model is widely used in the industry to price CDS conicing. Markit, as administrator, will provide support and maintenance for the project. The code is available through an open source license at www.cdsmodel.com Along with the code, standard inputs to the model, such as recovery value and yield curve, will be described and made available in due course, together with an online discussion forum, which will allow for community input. http://www.isda.org/press/press022609.html