Syncora Halts CDS Payments
Syncora Guarantee has become the first monoline to cease payments under credit default swap contracts and other claims after a New York State Insurance Department section 1310 order forced it to suspend payments as of yesterday.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts