NEW CDS Credit Definitions 2014
ISDA 2014 CDS Credit Definitions On September 22, 2014, ISDA’s 2014 CDS Credit Definitions will become effective. This will be the first set of changes to the Credit Definitions since 2003, so it’s a pretty big deal. The key changes relate to Restructuring & Successor events. Four key terms: Bank & Sovereign Subordinated or...
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