September 7, 2010
Credit Event Auction Scheduled for the Week of Sept 6th 2010
During the week of September 6 2010, Markit and Creditex will conduct a Credit Event Auction to facilitate settlement of loan credit derivative trades referencing the following company:
| Name | Auction Date | Auction Type | Region |
|---|---|---|---|
| Truvo (formerly known as World Directories) | September 9 2010 | Second lien LCDS | Europe |
| |
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 80 Credit Event Auctions, and the process has become an integral part of CDS market infrastructure.
