During the week of April 20, Markit and Creditex will conduct credit event auctions to facilitate settlement of credit derivative trades referencing the following companies:
Name Auction Date Auction Type
Charter Communications Holdings LLC 21-Apr-09 CDS, LCDS
Capmark Financial Group Inc. 2-Apr-09 CDS
Idearc Inc. 23-Apr-09 CDS, LCDS
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 49 credit event auctions, and the process has become an integral part of CDS market infrastructure.