New York, NY – During the week of April 13, Markit and Creditex will conduct credit event auctions to facilitate settlement of credit derivative trades referencing the following companies: Name | Auction Date | Chemtura Corporation | April 14, 2009 | Great Lakes Chemical Corporation | April 14, 2009 | The Rouse Company LP | April 15, 2009 | LyondellBasell Industries AF S.C.A. | April 16, 2009 | Abitibi-Consolidated Inc. | April 17, 2009 |
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 44 credit event auctions, and the process has become an integral part of CDS market infrastructure. - Ends -
For more information please contact: Markit John Dooley Vice President, Corporate Communications Tel: +1 212 205 1310 ICE/Creditex Sarah Stashak Director, Investor and Public Relations Tel: +1 770 857 0340 |
