Protection Buyers To Hold Out For Hard Credit Event

14 Jun 2011

Buyers of protection are likely to wait for a failure-to-pay credit event to be called on Allied Irish Banks before triggering credit default swaps.

Buyers of protection are likely to wait for a failure-to-pay credit event to be called on Allied Irish Banks before triggering credit default swaps. The more straightforward settlement process would likely be more appealing to protection buyers, market participants said.

On Monday, the International Swaps and Derivatives Association’s credit ...

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