ISDA To Rule On Takefuji CDS

29 Sep 2010

The determinations committee of the International Swaps and Derivatives Association will decide whether credit default swaps on Japanese lender Takefuji were triggered by the company’s bankruptcy filing.

The determinations committee of the International Swaps and Derivatives Association will decide whether credit default swaps on Japanese lender Takefuji were triggered by the company’s bankruptcy filing. Analysts have estimated that Takefuji bond investors may recover less than 10% of the face value of their holdings.

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