Powerlong CDS contracts must be physically settled, says DC

By Dan Alderson

Friday, August 19, 2022

As with other Chinese real estate defaults this year, holders of CDS protection on Powerlong Real Estate Holdings will have to physically settle contracts, after the Credit Derivatives Determinations Committee said no auction is needed

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TAGS: Asia CDS Emerging markets High yield bonds Secondary market Distressed debt Default Synthetic/SRT

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