LONDON--(BUSINESS WIRE)--The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic (Greece) has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.
The ISDA EMEA Determinations Committee will meet at 1PM GMT on Friday, March 9 to discuss the question and to determine whether a credit event has occurred.
Further information regarding the question is available at www.isda.org/credit.
About ISDA
Since 1985, ISDA has worked to make the global
over-the-counter (OTC) derivatives markets safer and more
efficient. Today, ISDA is one of the world’s largest global financial
trade associations, with over 815 member institutions from 58 countries
on six continents. These members include a broad range of OTC
derivatives market participants: global, international and regional
banks, asset managers, energy and commodities firms, government and
supranational entities, insurers and diversified financial institutions,
corporations, law firms, exchanges, clearinghouses and other service
providers. Information about ISDA and its activities is available on the
Association's web site: www.isda.org.
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