He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies)..." (Source)
ISDA (International Swaps and Derivatives Association) - "... is a trade organization of participants in the market for over-the-counter derivatives. It is headquartered in New York, and has created a standardized contract (the ISDA Master Agreement) to enter into derivatives transactions..." (Source)
An interview between Ellis Martin and Jim Sinclair
The interview at The Ellis Report makes for extremely interesting reading as it gives some of the details regarding the ISDA, who the players are, what the ramifications of their decisions concerning Greece sovereign debt could be and why then it can be assumed with a fairly high degree of certainty that whatever decision they come to will not include any language that could trigger a CDS event.
Read the interview at The Ellis Report here.
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