The British Vita LCDS Auction relates to settlement issues concerning British Vita (UK) Limited (“British Vita”), the chemicals company. British Vita is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. Cash settlement at the final price determined by an auction is contemplated by the standard documents for […]

The Sanitec LCDS Auction relates to settlement issues concerning Sanitec Oy (“Sanitec”) the manufacturer of bathroom fittings. Sanitec is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. Cash settlement at the final price determined by an auction is contemplated by the standard documents for European loan credit […]

The Eircom European LCDS Auctions relate to settlement of transactions referencing a certain Eircom Obligation (where BCM Ireland Holdings Limited (now known as ERC Ireland Holdings Limited (“Eircom”) is a Reference Entity). Eircom is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. The circumstances in which an […]

The Financière Gaillon 7 European LCDS Auction relates to settlement of transactions referencing a certain Financière Gaillon 7  Obligation (where Financière Gaillon 7 is the Reference Entity).  Financière Gaillon 7  is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. The circumstances in which an auction will be […]

SEAT ELCDS Credit Event The SEAT European LCDS Auction relates to settlement of transactions referencing a certain SEAT Obligation (where SEAT Pagine Gialle S.p.A. (“SEAT”) is the Reference Entity). SEAT is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. The circumstances in which an auction will be […]

Panrico Credit Event The Panrico European LCDS Auction relates to settlement of transactions referencing a certain Panrico Obligation (where Panrico, S.L. Unipersonal (formerly known as Demeter Iberia, S.L. Unipersonal) is the Reference Entity) (“Panrico”). Panrico is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. The circumstances in […]

Truvo USA LLC Credit Event Auction Timeline: http://www.isda.org/dc/eurolcdstimeline.asp     USA: ClosedTruvo Uniform Settlement AgreementUSA FAQs     USA Blackline: Blackline Truvo USA against SSP USA     ELCDS Auction Terms: Truvo USA LLC Auction Settlement Terms     Customer Physical Settlement Request Letter:  Form of Customer Physical Settlement Request Letter     List of […]

McCarthy and Stone Credit Event The McCarthy and Stone European LCDS Auction relates to settlement of transactions referencing a certain McCarthy and Stone Obligation (where Mother Bidco Limited is the Reference Entity) (“McCarthy and Stone”). McCarthy and Stone is included in the LevX credit derivative index and is the subject of single-name loan CDS trades. […]