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View Full Version : Greece Default Swaps Failure to Trigger Casts Doubt on Contracts as Hedge - Bloomberg



NewsWhore
10-27-2011, 01:10 PM
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Greece Default Swaps Failure to Trigger Casts Doubt on Contracts as Hedge (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF4bGKa9dA8xu7bGpsVJsYC7ZgzAg&url=http://www.bloomberg.com/news/2011-10-27/greece-default-swaps-failure-to-trigger-casts-doubt-on-contracts-as-hedge.html)
Bloomberg
The 17-nation common currency gained to a 1 1/2-month high of $1.4175 from $1.3906 yesterday, adding to its 6 percent advance this year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent ...

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