Greek Debt Deal Not Expected To Trigger CDS
The International Swaps and Derivatives Association’s rules appear to indicate that the European Union’s proposal that holders take a 50% haircut on their exposure to Greek debt would not trigger a payout of some USD3.7 billion in 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
