Seven deliverables valid for Sears CDS auction, as seven others split DC panel

By Dan Alderson

There will be seven obligations deliverable into an auction on 14 November to settle credit default swaps referencing Sears Roebuck Acceptance Corp, the Americas Credit Derivatives Determinations Committee has decided. But members of the 15-strong DC were split over whether to include another seven potential deliverables that did not make the cut

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TAGS: Default CDS North America High yield bonds Distressed debt Credit derivatives