ISDA Says Credit Event Has Occurred With Respect To Greece

ISDA Says Credit Event Has Occurred With Respect to Greece

So we finally have the Credit Event.

 

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 BN 03/09 19:45 ISDA Says Credit Event Has Occurred With Respect to Greece

BFW 03/09 19:44 ISDA Says Credit Event Has Occurred With Respect to Greece

 BN 03/09 19:44 *ISDA SAYS CREDIT EVENT HAS OCCURRED WITH RESPECT TO GREECE

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ISDA Says Credit Event Has Occurred With Respect to Greece

2012-03-09 19:46:49.384 GMT

By Jeremy R. Cooke

     March 9 (Bloomberg) — International Swaps and Derivatives

Association says its EMEA Credit Derivatives Determinations

Committee resolved unanimously that a Restructuring Credit Event

has occurred with respect to Greece.

  * Auction will be held in respect of outstanding CDS

    transactions on March 19

 

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To contact the editor responsible for this story:

Jeremy R. Cooke at +1-212-617-5048 or

jcooke8@bloomberg.net