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

To continue reading...

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 indvidual account here: