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Deutsche Bank and UBS settle wrong-name dispute over default swap

LONDON -- Deutsche Bank agreed in March to pay out on a $10 million credit default swap with Union Bank of Switzerland (UBS), ending a dispute between the two banks caused by the misnaming of a company in the contract documents.

The over-the-counter default swap, which was agreed between the two banks in April 2000, was intended by UBS as an insurance against default in respect of its investment in

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