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View Full Version : Greek Credit-Default Swap Payout Should Be Allowed, Tchir Says - Bloomberg



NewsWhore
10-17-2011, 07:50 AM
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Greek Credit-Default Swap Payout Should Be Allowed, Tchir Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFinzKNgGaLATlmupqX8sLQx-h0-Q&url=http://www.bloomberg.com/news/2011-10-17/greek-credit-default-swap-payout-should-be-allowed-tchir-says.html)
Bloomberg
A restructuring credit event can be caused by a reduction in principal or interest, postponement or deferral of payments or a change in the ranking or currency of obligations, according to the International Swaps & Derivatives Association. ...

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