Deadline for Thomson solves nothing

08 Oct 2009

Holders of CDS contracts in Thomson, the French electronics firm, now know what bonds and loans will be deliverable to settle the restructuring credit event, but in many ways their problems are only just beginning.

Not only do they now have to decide whether to trigger all, none or some of these contracts, the ensuing auction might the produce a highly unfavourable economic outcome.

The list of eligible deliverables for the Thomson restructuring event was published by the International Swaps and Derivatives Association on ...

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