ISDA determines Argentina CDS credit event

Buenos Aires
By Beth Shah
01 Aug 2014

The International Swaps and Derivatives Association’s Americas Credit Derivatives Determinations Committee has resolved that a failure to pay credit event occurred in respect to Argentina.

In order for a credit event to be declared, there must be an 80% majority agreement on the committee. The determinations committee is made up of ten dealers and five buyside firms who make a decision overseen by ISDA. In order for ...

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