Traders Call For Changes In CDS Determination Process

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Traders Call For Changes In CDS Determination Process

Traders are calling on the International Swaps and Derivatives Association to include changes in the process for determining credit default swap triggers after holders of CDS referencing German cable-TV firm Unitymedia held on to worthless swaps for two years because of confusion involving the reference entity after the company merged with UPC Germany in 2010.

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