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noob_trad3r

Registered: Nov 2008
Posts: 1741

03-09-12 08:40 PM

http://www.bloomberg.com/news/2012-...isda-rules.html

A total 4,323 credit-default swap contracts may now be settled after ISDA’s determinations committee ruled the use of CACs is a restructuring credit event, according to a statement distributed today by Business Wire. Before the ruling, Greek swaps rose to a record $7.68 million in advance and $100,000 annually to insure $10 million of debt for five years.

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