Northern Rock Auction Set For Feb. 2

26 Jan 2012

The determinations committee of the International Swaps and Derivatives Association has set Feb. 2 for a credit settlement auction on the debt of Northern Rock Asset Management.

The determinations committee of the International Swaps and Derivatives Association has set Feb. 2 for a credit settlement auction on the debt of Northern Rock Asset Management. ISDA had determined that the U.K. bad bank had triggered a credit event last month when it changed the terms of ...

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