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ISDA Finds Greek Credit Event Has Occurred Reports Bloomberg

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Sat, 10 Mar 12 2:25 AM | 37 view(s)
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All's fine folks, keep moving please. The apple store is right around the corner. Make sure you have your CC do buy your new , can't live without electronic devices

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Submitted by Tyler Durden on 03/09/2012 - 14:47 CDS CDS Auction Greece Lehman

Total confusion around this, as there is no formal Press Release from ISDA yet, but since this one comes from Bloomberg, let's assume they have double checked their data. From Bloomberg:

ISDA EMEA DETERMINATIONS COMMITTEE: RESTRUCTURING CREDIT EVENT
ISDA SAYS CREDIT EVENT HAS OCCURRED WITH RESPECT TO GREECE
COMMITTEE DETERMINES AUCTION TO BE HELD ON MARCH 19
ISDA EMEA: AUCTION TO BE HELD ON OUTSTANDING CDS TRANSACTIONS

This despite refutations from ISDA 15 minutes ago that no decision had been reached. Of course, if this is a spoof PR that has gotten half the media world confused, the farce will be 100% complete.


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http://www.zerohedge.com/news/isda-finds-greek-credit-event-has-occurred-reports-bloomberg




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