Markit and Creditex will conduct Credit Event Auctions to facilitate settlement of credit derivative trades referencing the following companies:
|
Name |
Auction Date |
Auction Type |
Region |
|---|---|---|---|
|
Thomson |
10-Dec-09 |
CDS |
EMEA |
|
Naftogaz of Ukraine |
16-Dec-09 |
CDS |
EMEA |
|
Hellas Telecommunications |
17-Dec-09 |
CDS |
EMEA |
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 over 80 Credit Event Auctions and the process has become an integral part of CDS market infrastructure.
