During the week of April 13, Markit and Creditex will conduct credit event auctions to facilitate settlement of credit derivative trades referencing the following companies:
Name Auction Date
Chemtura Corporation April 14, 2009
Great Lakes Chemical Corporation April 14, 2009
The Rouse Company LP April 15, 2009
LyondellBasell Industries AF S.C.A. April 16, 2009
Abitibi-Consolidated Inc. April 17, 2009
For credit event auction schedules and results, please see www.creditfixings.com.
The credit event auction process was launched in 2005 by Markit and Creditex in collaboration with the International Swaps and Derivatives Association and major credit derivative dealers. Since then, Markit and Creditex have conducted 44 credit event auctions, and the process has become an integral part of CDS market infrastructure.
