Thomas Cook credit event question travels beyond index roll, as Steinhoff deliverables finalised

By Dan Alderson

An auction next week to settle Steinhoff Europe CDS will have two deliverable obligations, the Determinations Committee has confirmed. But resolution of a bankruptcy credit event question on iTraxx Crossover name Thomas Cook spills over beyond today’s roll into a new series, after the DC was unable to reach a decision this week

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TAGS: CDS Emerging markets Europe High yield bonds Distressed debt Credit derivatives Africa