Thomas Cook ruling puts 2014 format CDS contracts back in the money

By Dan Alderson

Monday, October 07, 2019

Thomas Cook Group triggered a failure-to-pay credit event when it filed for chapter 15 protection last month, the Determinations Committee has ruled – a decision that has big implications for holders of newer format CDS contracts on the name

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TAGS: CDS Europe High yield bonds Distressed debt Synthetic/SRT

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