Sears leaves mark as credit event scrap hits deadlock

By Dan Alderson

Sears Roebuck Acceptance Corp (SRAC) has prompted the first external review of a credit event since Novo Banco in 2016, after the Americas Determinations Committee (DC) failed to reach agreement on deliverables into an auction to settle the US retailer’s credit default swaps

 

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TAGS: Credit derivatives North America CDS