2018092801

Credit Event

Astaldi SPA

Event Publicly Available Information:

Auction Timeline

Common Event Determination Date: October 1, 2018

Auction Date: November 29, 2018 

Auction Settlement Date: December 4, 2018

Settlement Terms

Auction in respect of 2014 Transactions and Updated 2003 Transactions

2018 Astaldi S.p.A. Credit Derivatives Auction Settlement Terms 

2018 Astaldi S.p.A. Credit Derivatives Auction Settlement Terms blacklined against DRAFT 2018 Astaldi S.p.A. Credit Derivatives Auction Settlement Terms 

For convenience, the Form of Customer Physical Settlement Request Letter and Form of Notice of Physical Settlement attached as Exhibit 2 and Exhibit 3, respectively, to the 2018 Astaldi S.p.A Credit Derivatives Auction Settlement Terms are set out below in Word format.

Astaldi S.p.A 2014 and Updated 2003 Form of Customer Physical Settlement Request Letter

Astaldi S.p.A 2014 and Updated 2003 Form of Notice of Physical Settlement

EMEA DC Statement November 22, 2018:

Further the publication of the Auction Settlement Terms in relation to Astaldi S.p.A. on Thursday 22 November 2018, market participants should note the timing of the following auction/settlement-related key events/deadlines:

Friday 23 November 2018: deadline for any market participant who wishes to participate in the Astaldi S.p.A. Auction to submit Participating Bidder Letter to the DC Secretary.

5:00 p.m. London time on Wednesday 28 November 2018: deadline for submission of Customer Physical Settlement Requests to the relevant Participating Bidder.

Thursday 29 November 2018: Auction Date.

4:00 p.m. London time on Friday 30 November 2018: deadline for Buyers to deliver Notices of Physical Settlement to Sellers in respect of any Representative Auction-Settled Transactions.

Tuesday 4 December 2018: Auction Settlement Date.

4:00 p.m. London time on Monday 17 December 2018: deadline for Sellers to deliver Notices of Physical Settlement to Buyers in respect of any Representative Auction-Settled Transactions.

Thursday 31 January 2019: Physical Settlement Date in respect of any Representative Auction-Settled Transactions.

Deliverable Obligations

Auction in respect of 2014 Transactions and Updated 2003 Transactions

Final List

Supplemental List

Initial List

Timetable for publication of Final List:

Tuesday 6 November 2018: publication of Initial List.

5:00 p.m. London time Thursday 8 November 2018: deadline for submitting additional potential Deliverable Obligations to the DC Secretary for inclusion on the Supplemental List. Please see Submission of Potential Deliverable Obligations and Challenges Note below for further information on making such a submission.

7:00 p.m. London time Thursday 8 November 2018: publication of the Supplemental List.

5:00 p.m. London time Monday 12 November 2018: deadline for challenging obligations on the Supplemental List. Please see Submission of Potential Deliverable Obligations and Challenges Note below for further information on making such a challenge.

5:00 p.m. London time Wednesday 14 November 2018: if applicable, deadline for resolving challenges.

After 5:00 p.m. London time on Wednesday 14 November 2018 (or earlier if no challenges received): publication of the Final List.

Submission of Potential Deliverable Obligations and Challenges

List of Participating Bidders

Auction in respect of 2014 Transactions and Updated 2003 Transactions

List of Participating Bidders in Astaldi S.p.A. Bankruptcy Credit Event Auction