June 3, 2010
Credit Event Auction Scheduled for the Week of June 1st 2010
London and New York, NY - During the week of June 1 2010, 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 |
| Ambac Assurance Corporation | 4 June 2010 | CDS | Americas |
For Credit Event Auction schedules and results, please see 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 85 Credit Event Auctions, and the process has become an integral part of CDS market infrastructure.
