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The Biggest Overhaul of the Credit Derivatives Definitions in a Decade

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If 2009 saw the ‘big bang’ and ‘small bang’ of the credit derivatives market then 2014 sees the ‘supernova’ – the biggest overhaul of the Credit Derivatives Definitions in over a decade. The 2014 Credit Derivatives Definitions include a new Credit Event for government bail-ins and revised deliverable obligation provisions to provide for ‘asset package’ […]


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