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.

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3 comments:

  1. AnonymousMarch 1, 2012 at 8:28 AM

    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.

    ReplyDelete
  2. FEECEMarch 1, 2012 at 8:02 PM

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

    ReplyDelete
  3. real estate in PhilippinesMarch 6, 2012 at 10:43 PM

    I was well informed. Big thanks for sharing.


    Charles A

    ReplyDelete

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