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ISDA determines credit event occurred in Greece
  • Reed Smith LLP
  • Global, Greece
  • March 12 2012

The EMEA Determinations Committee of the International Swaps and Derivatives Association (ISDA) met on Friday last week (9 March) to discuss the Greek debt swap deal and to determine whether the deal amounts to a “Restructuring Credit Event”, thus triggering settlement under credit default swaps (CDS) referencing the Greek sovereign.



Rosanne Kay
  • Reed Smith LLP