Relevant:
- Greece Default SWAPS Don't Have to Pay: ISDA
- ISDA CDS Trigger Decision Is Unanimous
- Fitch says 50% Haircuts would Constitute Default; No Official Ruling from ISDA Yet; Wrong Decision Could Kill CDS Market
- ISDA freezes attempts to settle Noble CDS (CDS MARKET IN LOW-BOIL CHAOS)
- ISDA's Lawyers Make Up "Facts" And "Law" To Overturn Limits On Speculators
2012-03-08 — wordpress.com
``ISDA members have noted that, in the current financial environment and considering the potential use of collective actions clauses by Greece, it is prudent for ISDA to be prepared in the event that a credit event is determined to have occurred by the European Determinations Committee.''
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