Another Test For Default Swaps

Hahn, Avital Louria
August 2005
Investment Dealers' Digest;8/15/2005, Vol. 71 Issue 32, p14
Trade Publication
Reports on the possibility that the bankruptcy of Delphi Corp. in the U.S. could represent the second test of an electronic auction process to settle the myriad credit default swaps referencing it. Reference to the bankruptcy filing of fellow auto parts supplier Collins & Aikman Inc., which represented the first experiment with the settlement arrangement; Shaky state of Delphi's finances; Further decline in Delphi's stock.


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