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View Full Version : Greek Debt Deal Might Trigger $3 Billion of Default Swaps Under ISDA Rules - Bloomber



NewsWhore
03-09-2012, 03:52 AM
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The Guardian (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGJH4YYSDzGsONOa6S5-5-7kbDPXQ&url=http://www.guardian.co.uk/business/2012/mar/09/greece-private-sector-backing-debt-swap)


Greek Debt Deal Might Trigger $3 Billion of Default Swaps Under ISDA Rules (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG65ncdjbqOTRs_vNtZD0FFHNY0EQ&url=http://www.bloomberg.com/news/2012-03-09/greek-debt-deal-might-trigger-3-billion-of-default-swaps-under-isda-rules.html)
Bloomberg
A restructuring 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 ISDA rules. Any of these changes must result from deterioration in ...
Euro Strengthens Amid Greek Debt-Swap Optimism as Deal Deadline Expires (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG3LYNz3pCV2nybyEodRuFoMJ8UdA&url=http://www.bloomberg.com/news/2012-03-08/yen-weakens-after-data-shows-japan-posted-record-current-account-deficit.html)Bloomberg Australia-NZ

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