MARKIT LCDX dealers vote to conduct Credit Event Auction to facilitate settlement of loan-only credit default swap (LCDS) trades referencing Lyondell Chemical Company, which is a constituent of the Markit LCDX index.
The auction terms, including the auction date, will be determined by Markit LCDX dealers according to LCDS Auction Rules published on the International Swaps and Derivatives Association (ISDA) website.
Markit and Creditex are the official administrators of Credit Event Auctions.
A separate Credit Event Auction will be held to facilitate the settlement of CDS trades referencing Lyondell, which is a constituent of the Markit CDX index.
L.D.