31 de julio de 2014 / 14:28 / en 3 años

UPDATE 1-ISDA agrees to consider credit event on Argentina CDS

(UPDATES with acceptance)

By Davide Scigliuzzo

NEW YORK, July 31 (IFR) - The International Swaps and Derivatives Association (ISDA) has agreed to consider whether a credit event has occurred on Argentina’s credit default swap contracts (CDS), according to its website.

Swiss bank UBS on Thursday submitted the request for ISDA’s determinations committee to consider whether a “failure to pay” credit event has occurred, citing a missed deadline to deliver interest payments to exchange bondholders.

ISDA’s 15-member committee is expected to vote on whether a payment on Argentine CDS contracts can be triggered in the next couple of days, according to a source close to the discussions. (Reporting by Davide Scigliuzzo; Editing by Marc Carnegie)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below