Thursday, March 1, 2012

Thurs Post #2: ISDA rules Greek restructing NOT a default

The ISDA has just announced that they have ruled that the recent Greek restructing deals do NOT constitute a default which will trigger payouts on the Credit Default Swaps.

More info on this later on.


Click 'comments' below to contribute to this post.
Please read disclaimer at bottom of blog.


  1. What?!?! Im shocked... SHOCKED... to hear this. This changes everything.

    So, if CDS are worthless for everything... then in two years time.... the big 5 will be loosing the rest of that revenue stream.

  2. Surprise!
    There are no rules when you keep kicking the can forward apparently.

  3. I was well informed. Big thanks for sharing.

    Charles A