Ενεργοποιήθηκαν τα CDS.
Σύμφωνα με έκτακτη είδηση που αναγράφεται στην ηλεκτρονική σελίδα των FINANCIAL TIMES, η αρμόδια επιτροπή της Διεθνούς Ένωσης Συμφωνιών Ανταλλαγής και Παραγώγων (ISDA) αποφάσισε ομόφωνα, πριν λίγο, ότι στην Ελλάδα συνέβη πιστωτικό γεγονός.
Η αρμόδια επιτροπή της ISDA στην οποία μετέχουν...
εκπρόσωποι διεθνών χρηματοπιστωτικών ιδρυμάτων, έκρινε ότι η ενεργοποίηση της ρήτρας συλλογικής δράσης (CACs) που αποφάσισε η ελληνική κυβέρνηση, προσδίδει στη διαδικασία της ανταλλαγής των ομολόγων υποχρεωτικό χαρακτήρα.
Η εξέλιξη αυτή αναμένεται να προκαλέσει αποπληρωμή των ασφαλίστρων κινδύνου έναντι χρεοκοπίας, τα γνωστά ως CDS, για τα ελληνικά ομόλογα.
Ακολουθεί, στα αγγλικά, η σχετική απόφαση:
ISDA EMEA Determinations Committee:
Restructuring Credit Event Has Occurred with Respect to
The Hellenic Republic
LONDON, March 9, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA)
today announced that its EMEA Credit Derivatives Determinations Committee resolved
unanimously that a Restructuring Credit Event has occurred with respect to The Hellenic
Republic (Greece).
The EMEA DC resolved that a Restructuring Credit Event has occurred under Section 4.7(a) of the ISDA 2003 Credit Derivatives Definitions (as amended by the July 2009 Supplement) following the exercise by The Hellenic Republic of collective action clauses to amend the terms of Greek law governed bonds issued by The Hellenic Republic such that the right of all holders of the Affected Bonds to receive payments has been reduced.
The Committee determined that an auction will be held in respect of outstanding CDS transactions on March 19. ISDA has published a list of obligations issued or guaranteed by The Hellenic Republic, which the EMEA Determinations Committee is currently in the process of reviewing. That list can be accessed here: http://www2.isda.org/preliminary-greek-obligations/.
ISDA will publish further information regarding the potential auction on its website,
www.isda.org/credit, in due course.
Answers to frequently asked questions regarding The Hellenic Republic Restructuring Credit Event can be accessed via ISDA’s Greek Sovereign CDS page: http://www2.isda.org/greeksovereign-cds/
ISDA will host a press briefing today at 9PM GMT / 4PM EST addressing the credit event ruling. A live webcast of the briefing will be available at:
http://services.choruscall.com/links/isda120309.html.
πηγή: http://link.ft.com/r/XYEWFF/ 8ZF6F9/CZGNO/VLCMHY/DWLF6N/HK/ h?a1=2012&a2=3&a3=9
Η αρμόδια επιτροπή της ISDA στην οποία μετέχουν...
εκπρόσωποι διεθνών χρηματοπιστωτικών ιδρυμάτων, έκρινε ότι η ενεργοποίηση της ρήτρας συλλογικής δράσης (CACs) που αποφάσισε η ελληνική κυβέρνηση, προσδίδει στη διαδικασία της ανταλλαγής των ομολόγων υποχρεωτικό χαρακτήρα.
Η εξέλιξη αυτή αναμένεται να προκαλέσει αποπληρωμή των ασφαλίστρων κινδύνου έναντι χρεοκοπίας, τα γνωστά ως CDS, για τα ελληνικά ομόλογα.
Ακολουθεί, στα αγγλικά, η σχετική απόφαση:
ISDA EMEA Determinations Committee:
Restructuring Credit Event Has Occurred with Respect to
The Hellenic Republic
LONDON, March 9, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA)
today announced that its EMEA Credit Derivatives Determinations Committee resolved
unanimously that a Restructuring Credit Event has occurred with respect to The Hellenic
Republic (Greece).
The EMEA DC resolved that a Restructuring Credit Event has occurred under Section 4.7(a) of the ISDA 2003 Credit Derivatives Definitions (as amended by the July 2009 Supplement) following the exercise by The Hellenic Republic of collective action clauses to amend the terms of Greek law governed bonds issued by The Hellenic Republic such that the right of all holders of the Affected Bonds to receive payments has been reduced.
The Committee determined that an auction will be held in respect of outstanding CDS transactions on March 19. ISDA has published a list of obligations issued or guaranteed by The Hellenic Republic, which the EMEA Determinations Committee is currently in the process of reviewing. That list can be accessed here: http://www2.isda.org/preliminary-greek-obligations/.
ISDA will publish further information regarding the potential auction on its website,
www.isda.org/credit, in due course.
Answers to frequently asked questions regarding The Hellenic Republic Restructuring Credit Event can be accessed via ISDA’s Greek Sovereign CDS page: http://www2.isda.org/greeksovereign-cds/
ISDA will host a press briefing today at 9PM GMT / 4PM EST addressing the credit event ruling. A live webcast of the briefing will be available at:
http://services.choruscall.com/links/isda120309.html.
πηγή: http://link.ft.com/r/XYEWFF/
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