Dealers settle cement maker CDS at high final price

By Dan Alderson

Thursday, February 18, 2010

A dealer auction today returned a high recovery of 97 on credit derivative trades referencing Mexican cement maker Cemex

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Comment by: Douglas Watson. Posted 14 years ago [2010-02-19 15:56:25]

ISDA should consider whether a credit event actually occurred when a company still has access to the credit markets. The idea of a Restructuring credit event was a company in distress that may well become insolvent restructures its debt in a way that's materially disadvantageous to the affected creditors. Not sure Cemx's "Restructuring" met that standard.

CLOs

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