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JP Morgan analyses impact of redenomination on CDS contracts

Monday, February 20, 2017

JP Morgan runs through CDS contract outcomes should a eurozone country redenominate its debt

TAGS: JP Morgan

Comment by: Anonymous. Posted 7 years ago [2017-02-20 14:33:30]

Interesting, does this mean an investor with a long CDS position on a French bank pre-2014 cannot hedge or unwind it with an offsetting post-2014 CDS? Will there be a clear basis between 2003 and 2014 definitions?

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