Isda tables plans to rid CDS market of narrowly tailored credit events

By Dan Alderson

After lengthy deliberation, a working group of major firms is today set to publish proposals aimed at ridding the market of ‘narrowly tailored credit events’, whereby borrowers are persuaded to default on debt payments in order to trigger pay-outs for CDS holders

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TAGS: Asia CDS Europe High yield bonds Distressed debt GSO Credit derivatives North America