Credit Auction

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a failure to pay credit event occurred in respect of R.H. Donnelley Corp., a company which provides local search solutions and services in the United States. The Committee also voted to hold an auction for R.H. Donnelley.

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee voted yesterday to hold an auction for JSC BTA Bank. This Determinations Committee had previously resolved that a credit event has taken place with respect to JSC BTA Bank, Kazakhstan's largest bank by assets, which failed to repay a $550 million loan earlier this month.

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that LCDX dealers voted to hold an auction for loan-only CDS transactions referencing Aleris International, Inc., which announced on February 12 that it filed petitions for voluntary reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court in Delaware.

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the successful implementation of its Protocol for credit derivative transactions referencing Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), the two US government sponsored entities (GSEs) that were placed in conservatorship on Sunday, September 7. A record 651 organizations adhered to the Protocol.