Morning Take-Out
posted by knoff 179 days ago under micron associates, micron associates barcelona spain, equity research on most popular searches-sprint n, ford, micron
Swap Talks Over Greece Could Test the Market | The financial system could face a test this week as industry officials debate a provision of the Greek bailout.
Greece is preparing to overhaul its bonds next month, a restructuring that could potentially prompt payouts on credit-default swaps, the financial instruments intended to protect against losses on debt. The International Swaps and Derivatives Association will meet on Thursday to decide whether a certain aspect of the deal will make those payments necessary. If parties have to make good on the credit-default swaps, the situation could send shivers through the market. An important and long-planned measure that aims to strengthen the derivatives market is not yet in place, raising questions about how the financial system will react if the credit-default swaps have to pay out. DEALBOOK » » Morning Take-Out |
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