<h1>Revised CDS Guidelines Allow Unwinding at FIMMDA Price, Include Unlisted Bonds, and Short-Term Securities.</h1> The revised guidelines on Credit Default Swaps (CDS) for corporate bonds, effective January 7, 2013, allow CDS on unlisted but rated corporate bonds, extending beyond infrastructure companies. Users can unwind their CDS positions with the original protection seller at a mutually agreed or FIMMDA price. If no agreement is reached, unwinding must occur at the FIMMDA price. Additionally, CDS is now permitted on securities with original maturities up to one year, such as Commercial Papers, Certificates of Deposit, and Non-Convertible Debentures. These changes consolidate previous guidelines and aim to enhance market flexibility.