Home > News > Derivatives > Creditex And Markit Announce Credit Event Auction Results
Derivatives

Creditex And Markit Announce Credit Event Auction Results

Markit and Creditex, in partnership with 14 major credit derivative dealers, announce the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the subordinated debt of Glitnir Banki hf. At

By None

Markit and Creditex, in partnership with 14 major credit derivative dealers, announce the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the subordinated debt of Glitnir Banki hf.

At 3:45 pm GMT today (Thursday), the final price for Glitnir subordinated debt for the purpose of settling credit derivative transactions was determined to be 0.125%.

At 2:00 pm GMT today (Thursday), the final price for Glitnir senior debt for the purpose of settling credit derivative transactions was determined to be 3%.

The auctions were conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Glitnir CDS Protocol. Markit and Creditex are the official administrators of Credit Event Auctions.

D.C.

«