2020050501

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Americas POB Resolutions

Event Publicly Available Information:

Please note that the final POB List is available from the POB Administrator (IHS Markit) on their website, here.

DateDescriptionDocument
Ongoing

Americas DC Decision – Potential POBs – 05/06/2020

POB List - Argentine Republic

DC Statement May 6, 2020: Americas POB Project – Americas Determinations Committee publishes Package Observable Bonds

The Americas DC met today, Wednesday May 6, 2020, to discuss a draft list of Package Observable Bonds, which was selected by the POB Administrator in accordance with the criteria set out in Section 2.2(c) of the POB Rules. The Americas DC resolved to publish POB Identification Resolutions in respect of the bonds in the attached spreadsheet in accordance with Section 2.2(e)(i) of Schedule 5 (Package Observable Bonds) of the DC Rules. The attached resolution is subject to challenge by Eligible Market Participants until 3.00 pm New York time on May 7, 2020. Following such deadline and subject to there being no challenges received, the resolutions shall constitute the final POB  Identification Resolutions and the Potential POBs contained in the POB Identification Resolutions will constitute the Package Observable Bonds for the Relevant Reference Entity and POB Slots and will be published.

Please send any challenges to the POB Administrator (red@ihsmarkit.com) by 3.00 pm New York time on Thursday May 7, 2020.

Ongoing

Americas DC Decision - POB Request with respect to Argentine Republic - 05/05/2020

DC Statement May 5, 2020:

The Americas DC has decided to submit a POB Request with respect to Argentine Republic and has agreed that such POB Request should be conducted on an expedited basis.

In light of the expedited POB Request with respect to Argentine Republic and in accordance with Section 2.2(a)(iv) of the POB Rules, the time periods provided in Section 2.2(d)(iv) and 2.2(e) and will not apply to the POB process with respect to Argentine Republic. 

In addition, and in accordance with Section 2.2(a)(iv) of the POB Rules, the time periods provided in Sections 2.3(b) and 2.3(c) have been foreshortened by the Americas DC as set out below.

Any challenge by an Eligible Market Participant must be effectively received by the POB Administrator by 3:00 p.m. Relevant City Time on the first Relevant City Business Day immediately following the publication of the relevant Package Observable Bond DC Resolution on the Website (the "Challenge Deadline").

Each challenge must be Resolved by 5:00 p.m. Relevant City Time on the same Relevant City Business Day as the Challenge Deadline.

The Americas DC intends to pass a POB Identification Resolution with respect to Argentine Republic on May 6, 2020.  Subject to any further amendment, the relevant Challenge Deadline would therefore be 3:00pm New York time on May 7, 2020.