Event fixing's new first

The credit event fixing held to determine the price of credit default swaps referencing defaulted auto supplier Dura Operating Corp. in November brought cash settlement to single-name CDS for the first time.

Previous fixings such as that used to determine the price for Dana Corp had only enabled cash settlement of index trades and tranches.

The Dura auction was held by derivatives broker Creditex and data provider Markit in conjunction with 12 credit derivative dealers on November 17.

Instruments

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here