Thomson that will test the organization’s new bucket auction for the first time. The decision prompted grumbling among CDS dealers, some of whom told Debtwire they may boycott the auction as they push for a failure-to-pay trigger. But they would-be holdouts will not find the public proof they need to trigger a failure-to-pay event on the French multi-media group, said a source close to the company. “Dealers and hedge counterparties who are trying to determine whether there is a failure to pay are getting themselves into a twist,”
highly legalistic world of. A requires two public sources of information to call a credit event commonly restructuring, bankruptcy or failure to pay that would trigger the swaps. Unlike the failure to pay and bankruptcy credit events, a restructuring credit event is discretionary, meaning dealers can choose whether they want to participate in an auction or not. A restructuring event also triggers a bucket auction that several dealers say they oppose because of the disparate recoveries that will result on swaps of different maturities.
WhisperFromWallStreet.comhas a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified.
This is a free service available only to subscribers. Scroll to the bottom of this page to signup for free stock alerts andvisit our site.
Disclaimer: Full disclaimer at http://WhisperFromWallStreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither WhisperfromWallStreet, nor any of its affiliates are registered investment advisors or broker dealers.
Thank you for your interest in Findit News. A member of the Findit News team will contact you soon to show you how you can take your marketing to the next level with press releases on Findit.
