Ineos gaps wider on new Isda deliverability proposals

By Jon Close

Ineos sees spreads jump wider as mooted change in CDS practice would change what is deliverable into the name

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TAGS: CDS

Comment by: Anonymous. Posted 6 years ago [2013-11-23 00:03:53]

On its face - without knowing details or being able to find them quickly on the web - it looks like a bad idea for ISDA to start mixing Reference Entities. I hope this issue has a clean resolution. ISDA hasn't sorted the Codere problem yet to my knowledge. The CDS market doesn't need more problems!