CDS dealers push Thomson credit event towards auction settlement
Credit derivatives traders with outstanding credit default swaps (CDSs) referencing debt issued by French media and electronics firm Thomson are still waiting for the the list of deliverable obligations to facilitate auction settlement.
The International Swaps and Derivatives Association's credit derivatives determinations committee (DC) for Europe, Middle East and Africa is currently meeting on a daily basis as it examines the relevant documentation to create an initial list of deliverable
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