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For Immediate Release
ISDA Updates Greek Sovereign Debt Q&A
NEW YORK, Thursday, October 27, 2011 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced that following recent events related to the restructuring of Greek sovereign debt, it has updated its Greek sovereign debt Q&A. The document, which can be accessed at the ISDA website includes responses to the most frequently asked questions regarding the application of credit default swaps contracts in Greek sovereign debt. It outlines the triggers for credit events, the process for determining a credit event and the current amount of CDS notional outstanding on Greek sovereign debt.
For More Information, Please Contact:
Lauren Dobbs, ISDA New York, +1 212 901 6019, firstname.lastname@example.org
Rose Millburn, ISDA London, +44 203 088 3526, email@example.com
Donna Chan, ISDA Hong Kong, +852 2200 5906, firstname.lastname@example.org
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