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ISDA determines Credit Event has Occurred
Boom.
CDS insanity begins.
Statement via from the ISDA:
ISDA EMEA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event
March 9, 2012
NEWS RELEASE
For Immediate Release
ISDA EMEA Determinations Committee
Accepts Question Related to a Potential Hellenic Republic Credit Event
LONDON, March 9, 2012 The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic (Greece) has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.
The ISDA EMEA Determinations Committee will meet at 1PM GMT on Friday, March 9 to discuss the question and to determine whether a credit event has occurred.
Click on this link to see the Press Release at the originating website
__________________
Boom.
CDS insanity begins.
Statement via from the ISDA:
ISDA EMEA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event
March 9, 2012
NEWS RELEASE
For Immediate Release
ISDA EMEA Determinations Committee
Accepts Question Related to a Potential Hellenic Republic Credit Event
LONDON, March 9, 2012 The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic (Greece) has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.
The ISDA EMEA Determinations Committee will meet at 1PM GMT on Friday, March 9 to discuss the question and to determine whether a credit event has occurred.
Click on this link to see the Press Release at the originating website
__________________