July 21, 2009
Credit Event Auction Scheduled For The Week of 20 July 2009
During the week of 20 July 2009, Markit and Creditex will conduct a Credit Event Auction to facilitate settlement of credit derivative trades referencing the following company:
Name Auction Date Auction Type Region
Lear Corp 21 July 2009 CDS & LCDS US
For Credit Event Auction schedules and results,please see http://www.creditfixings.com
The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with the International Swaps and Derivatives Association and major credit derivative dealers. Since then, Markit and Creditex have conducted over 70 Credit Event Auctions, and the process has become an integral part of CDS market infrastructure.
