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US special session to cut Lehman risk extended-ISDA Sun Sep 14, 2008 4:20pm EDT

MARKET NEWS Oil dives $4, hammered for second day by bank woes Wall St shockwaves knock down Asia stocks Asia cen banks try to calm markets with cash, words

NEW YORK, Sept 14 (Reuters) - The International Swaps and Derivatives Association said on Sunday that it has extended an emergency trading session between Wall Street dealers with Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) counterparty risk until 6 p.m. New York time (2200 GMT).

The session was originally scheduled to run from 2 p.m. to 4 p.m. and involves credit, equity, rates, foreign exchange and commodity derivatives, ISDA said in an earlier statement.

http://www.reuters.com/article/etfNews/idUSN1444866220080914
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