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Derivatives

Nomura, CSFB To Go To Court Early Next Year

Nomura International and Credit Suisse First Boston have agreed to a provisional court date early next year for their dispute over whether exchangeable bonds are deliverable in a USD10 million Railtrack credit-default swap. For the complete claim form in PDF format, click here.

The firms met Sept. 20 to discuss handing over additional documentation and to agree a date. The actual date will depend on court availability. An official close to the situation predicted the case would take two or three days. Officials at CSFB and Nomura declined comment.

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