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SSD privacy hampers deliverability with CDS auctions

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By Owen Sanderson, Silas Brown
07 Dec 2020

Whether or not Schuldschein debt is deliverable under CDS auctions is becoming more than an academic discussion, as analysts look to companies like travel firm Tui’s financial future. While the instrument fits the criteria as relevant debt for a CDS auction, the private nature of the contract could prevent the Determinations Committee from ruling.

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By Owen Sanderson, Silas Brown
07 Dec 2020