Delphi credit event fixing set at auction

The auction included 15 credit derivative dealers and was administered by Creditex, an electronic credit derivatives trading platform and London-based Markit – a derivatives pricing and valuation specialist. Participating dealers submitted bids and offers, market orders, and limit orders to the auction at 9:45AM, New York time; by 10.55AM, the auction had generated a final price at which credit derivative index trades are to be settled: 63.375%.

Delphi filed for bankruptcy on October 8 2005,

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: