ISDA schedules a meeting on 2012-3-1
Posted by juanm on February 28th, 2012 at 21:59:32, under Greek default, politics, shared, Sovereign crisis 10s, Twit
The question was: does such conditions (PSI: Private Sector Involvement) trigger a credit event (AKA default)? Or even better: was the haircut to 53% of face value with CACs conditions enough to trigger a credit event?
Today the question was ammitted to discussion and we’ll learn the answer after ISDA meeting scheduled on March 1st at 11.00 GMT
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