You are here: Home » Glossary » Notice of publicly available information

Notice of publicly available information

A notice sent by the counterparty triggering a credit event (usually the protection buyer) confirming that the supposed credit event has taken place by reference to a public source of information such as a newspaper or wire service article. The requirement for a notice of publicly available information is designed to prevent credit events being triggered by deals agreed in secret.

Related stories

Ambac wins Solutia settlement case 5 years ago
Ambac wins synthetic CDO case against Deutsche Bank 5 years ago