Credit Event
| May 15th, 2012 | ISDA Americas Credit Derivatives Determinations Committee: Residential Capital a Bankruptcy Credit Event The International Swaps and Derivatives Association, Inc. (ISDA), today announced that its Americas Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Residential Capital, LLC. The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course. The auction will be administered by Markit and Creditex. |
| May 8th, 2012 | Creditex and Markit to Conduct First Credit Event Auction in Chinese Corporate Credit Market; Sino-Forest Corp. CDS on May IntercontinentalExchange's Creditex subsidiary and Markit will conduct a Credit Event Auction to facilitate settlement of credit default swaps (CDS) trades on Sino-Forest Corp. on May 9, 2012. This will be the first credit event auction conducted to settle CDS trades outside of North America, Europe and Japan. |
| May 1st, 2012 | ISDA Paper Examines Three-Year History of the ISDA Credit Derivatives Determinations Committees The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of a paper that reviews the formation, structure and workings of the ISDA Credit Derivatives Determinations Committees. |
| April 10th, 2012 | ISDA Credit Derivatives Determinations Committee: Sino-Forest Corporation Credit Event The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Asia Ex-Japan Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Sino-Forest Corporation. The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course. The auction will be administered by Markit and Creditex.
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| April 2nd, 2012 | ISDA EMEA Determinations Committee: eircom Limited a Bankruptcy Credit Event The International Swaps and Derivatives Association, Inc. (ISDA), today announced that its EMEA Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in relation to eircom Limited. ISDA will publish further information on its website, www.isda.org/credit, in due course.
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| March 20th, 2012 | ISDA EMEA Determinations Committee: ERC Ireland Finance Limited a Failure to Pay Credit Event The International Swaps and Derivatives Association, Inc. (ISDA), today announced that its EMEA Credit Derivatives Determinations Committee resolved that a Failure to Pay Credit Event occurred in relation to ERC Ireland Finance Limited. The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course. The auction will be administered by Markit and Creditex.
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| March 13th, 2012 | Markit and IntercontinentalExchange Issue Joint Statement on Credit Event Auction Date for The Hellenic Republic Following a decision by the International Swaps & Derivatives Association's (Isda) Determinations Committee that a Restructuring Credit Event occurred with respect to The Hellenic Republic, Markit and IntercontinentalExchange's Creditex subsidiary, will hold a Credit Event Auction to settle Credit Default Swap (CDS) trades on the country's sovereign debt on March 19, 2012. Information about the auction and the decision of the Determinations Committee can be found here. |
| March 9th, 2012 | ISDA EMEA Determinations Committee: Restructuring Credit Event Has Occurred with Respect to The Hellenic Republic The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved unanimously that a Restructuring Credit Event has occurred with respect to The Hellenic Republic (Greece). |
| March 2nd, 2012 | ISDA EMEA Determinations Committee: Credit Event Has Not Occurred with Respect to Recent Questions on The Hellenic Republic Restructuring In light of today’s EMEA Determinations Committee (EMEA DC) unanimous decisions in respect of the two potential Credit Event questions relating to the Hellenic Republic (DC Issue 2012022401 and DC issue 2012022901), the EMEA DC has agreed to publish the following statement: |
| February 29th, 2012 | ISDA Credit Derivatives Determinations Committee: Elpida Memory, Inc. Credit Event The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Japan Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Elpida Memory, Inc.
The Committee determined that an auction will be held in respect of outstanding CDS transactions. ISDA will publish further information regarding the auction on its website, www.isda.org/credit, in due course.
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