Creditex

Markit and Creditex will conduct Credit Event Auctions to facilitate settlement of credit derivative trades referencing the following companies:

Outstanding Single-Name CDS Trades Reduced Significantly Through Portfolio Compression

Creditex and Markit today announced the compression of $1.036 trillion in notional value of credit default swap (CDS) transactions since the successful launch of a coordinated programme of multilateral trade terminations in August this year.

Creditex and Markit, in partnership with 14 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the senior debt of Kaupthing Banki hf.

At 2:00 pm GMT today, the final price for Kaupthing senior debt for the purpose of settling credit derivative transactions was determined to be 6.625%.

Markit and Creditex, in partnership with 14 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the subordinated debt of Glitnir Banki hf.

At 3:45 pm GMT today, the final price for Glitnir subordinated debt for the purpose of settling credit derivative transactions was determined to be 0.125%.

Creditex and Markit, in partnership with 14 major credit derivative dealers, today determined a price to facilitate the settlement of credit derivative trades referencing the senior debt of Landsbanki Islands hf in Europe's first ever Credit Event Auction.

At 2:00 pm GMT today, the final price for Landsbanki senior debt for the purpose of settling credit derivative transactions was determined to be 1.25%.