Credit Derivatives feature in the news, the complex issues that can arise following the occurrence of a credit event and ISDA's proposed reforms to the Determinations Committees (DCs). On this call, the panel will cover DC decisions the past year, including the determination by an external review panel of a restructuring credit event regarding Ardagh Packaging Finance, and the debate regarding the outstanding debt that could be into the settlement auction. The panel will address the DC's deliberations on whether locked‑up bonds could be used in an auction to settle CDS relating to Altice France, and ISDA's consultation on implementing a uniform approach towards locked‑up debt. Our speakers will provide an update on ISDA's reforms to the governance of the DCs.