TITLE

Aiful Swap Sellers May Owe $975M

PUB. DATE
December 2009
SOURCE
American Banker;12/31/2009, Vol. 174 Issue 231, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that sellers of default insurance on the debt of Aiful Corp. may have to pay approximately 975 million dollars to settle contracts on the company. A settlement auction of credit-default swaps was triggered when Aiful extended the maturity of its loans in a move to avoid bankruptcy.
ACCESSION #
47270320

 

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