CDS tested to the limit

stethoscope2

Never before has the restructuring of a French media firm caused so much trouble for dealers. On June 15, Paris-based Thomson announced it had entered into a waiver and forbearance agreement with investors to defer payment of principal on its 6.05% senior notes, later declaring on July 24 it had signed a restructuring agreement with the majority of senior creditors. In the credit derivatives market, the agreement presented an immediate test for the small bang protocol, which came into effect on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here