Equity Trades Referencing Fannie, Freddie Can Be Terminated

11 Sep 2008

Some dealers will be able to terminate swaps and options referencing the stock of beleaguered mortgage lenders Fannie Mae and Freddie Mac, after traders agreed on Tuesday that a credit event had taken place.

--Jeanine Prezioso, Daniel Flatt

Some dealers will be able to terminate swaps and options referencing the stock ofbeleaguered mortgage lenders Fannie Mae and Freddie Mac, after traders agreed on Tuesday that a credit event had taken place. The majority view of market makers ...

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