Thomson restructuring tests Isda's small bang protocol

saul-doctor

A restructuring of debt by Paris-based media and electronics firm Thomson in June has provided an early test for the International Swaps and Derivatives Association's small bang protocol.

The Isda Europe, Middle East and Africa (EMEA) credit derivatives determinations committee ruled on August 12 that a restructuring event had occurred for credit default swaps (CDSs) referencing the French firm - creating the prospect of the first auction settlement for such an event. This comes just weeks after

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

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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