Bradford & Bingley Interest Deferral Not A Credit Event
The International Swaps and Derivatives Association has declared that lender Bradford & Bingley’s decision to skip a GBP 850 million (USD1.2 billion) interest payment was not a credit event that would trigger payment under credit default swaps.
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
