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Russian credit event auction plans put on hold after US sanctions update
2 years ago
Settlement of Russian Federation sovereign CDS has hit a delay, with the US having published updated advice on sanctions that could jeopardise the ability to conduct a credit event auction -
Citadel promotes credit head to co-CIO
2 years ago
Citadel has promoted its global credit head to co-chief investment officer -
Deutsche Bank adds credit trading head to US build out
2 years ago
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank -
Squarepoint draws big name options market maker to buy side
2 years ago
An experienced credit options trader has decided to join the systematic and quant strategies manager in a change of career from working on the sell side -
Natixis IM hires CEO with incumbent Raby set to depart
3 years ago
Natixis Investment Managers has hired Generali's chief investment officer to lead the firm from 12 April -
Squarepoint adds former bank credit trading head in London
3 years ago
Squarepoint Capital, a cross-asset fund manager that uses systematic and quantitative strategies, has hired a former global credit trading head at Societe Generale to lead fixed income, currencies and commodities alpha capture -
Pizza Express auction leaves protection sellers with just pineapple
3 years ago
An auction to settle Pizza Express CDS looks set to leave protection sellers with little solace, after the first round of bidding indicated a high pay-out on contracts referencing the UK-based restaurant chain -
Pizza Express auction date set with two bonds on initial list
3 years ago
Pizza Express 2014-version CDS contracts will be settled at auction on 1 October, following the UK food retailer’s triggering of a failure-to-pay credit event this month -
Matalan credit event ruling draws heavily on precedents, says DC
3 years ago
A bankruptcy credit event ruling on Matalan - the first this year in a European index - was a close call and relied heavily on several precedent credit events, the EMEA Determinations Committee has said -
DC sets Wirecard CDS auction date, obligations and settlement terms
3 years ago
The Determinations Committee for Europe, Middle East and Africa has set a date to settle CDS contracts referencing German digital payments company Wirecard -
Thomas Cook CDS buyers face bond squeeze as DC ejects 2023 notes from auction
4 years ago
The likelihood of a squeeze on Thomas Cook Group obligations has increased for market participants looking to physically settle their CDS contracts, after the Determinations Committee ruled that the collapsed UK travel firm’s €400 million 3.875% senior notes due 2023 were inadmissible into a credit event auction -
Thomas Cook ruling puts 2014 format CDS contracts back in the money
4 years ago
Thomas Cook Group triggered a failure-to-pay credit event when it filed for chapter 15 protection last month, the Determinations Committee has ruled – a decision that has big implications for holders of newer format CDS contracts on the name -
Roll week leaves CDS in strange places
4 years ago
CDS traders navigate a much-changed landscape in October, after one of the most impactful index rolls in recent times. -
Thomas Cook puts older and newer version CDS on separate planes
4 years ago
Thomas Cook’s filing for chapter 15 protection in New York last week means older version CDS contracts with a 20 September maturity triggered pay-outs, the Determinations Committee has ruled. But the worth of newer format CDS with the same maturity remains unclear ahead of a further DC meeting on Friday -
Top Gun triggers credit event, but there's no debt in the barrel
4 years ago
Top Gun Realisations 61, a New Look retail group private limited company that was previously named New Look Bondco I, has triggered a bankruptcy credit event, the EMEA Determinations Committee has ruled. But no CDS auction will follow since the reference entity has no debt outstanding -
BlueMountain lands senior credit trader in New York
4 years ago
BlueMountain has hired an experienced trader in New York to cover credit and special situations -
Deutsche Bank hires emerging market credit trader
5 years ago
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS -
Supermarket owner Rallye triggers credit event and joins queue for settlement checkout
5 years ago
Rallye, the parent of French supermarket chain Casino, has triggered a bankruptcy credit event, the Determinations Committee for Europe, Middle East and Africa (EMEA) has determined -
New Look triggers credit event with big pay-out likely for CDS
5 years ago
The Europe, Middle East & Africa Determinations Committee has ruled that New Look has triggered a failure-to-pay credit event -
Barclays re-hires credit structurer
5 years ago
A credit structurer in London has returned to Barclays after taking a career break from the bank -
Steinhoff has triggered failure-to-pay credit event, rules DC
5 years ago
Steinhoff Europe has triggered a failure-to-pay credit event, the EMEA Credit Derivatives Determinations Committee has ruled unanimously -
Challenge rejected on cheapest-to-deliver bonds for Windstream CDS auction
5 years ago
The Americas Credit Derivatives Determinations Committee has unanimously rejected a challenge by a market participant against allowing some of the cheapest Windstream bonds to be delivered into an auction to settle CDS referencing the company -
Ziggo CDS protection buyers get a lift as DC votes for successor
5 years ago
Holders of credit default swap protection on Ziggo Bond Finance have received a boost, with the EMEA Determinations Committee ruling that contracts structured under the 2014 Isda credit derivative definitions have a successor – dispelling fears they would be orphaned. -
BNP Paribas Asset Management hires multi-strategy products head
5 years ago
BNP Paribas Asset Management has created a new position within its fixed income division -
Astaldi credit event auction will have two deliverables, says DC
5 years ago
Only two Astaldi bonds are deliverable into an auction to determine the final price of its credit default swaps, the Determinations Committee has indicated
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