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Greece debt deal has not triggered a credit event says ISDA
Even though private holders of Greek bonds have been forced to take a ‘haircut’ (loss) on their investments this has been deemed to not be a ‘credit event’ that would trigger Credit Default Swaps to...
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Greece gets its bond swap deal
The Greek government has staved off bankruptcy and the threat to its Euro membership by winning enough support for its bond swap deal to qualify for a second Euro bail-out from the EU and IMF worth...
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USD higher again after impressive jobs data and ISDA ruling on Greek PSI deal
Mike Paterson’s daily Forex brief On Friday afternoon, the ISDA eventually made the decision after much deliberation (don’t know what took them so long) that the Greek deal forcing private sector...
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