Another Test for Default Swaps: Delphi bankruptcy would be second CDX settlement test
IDD - August 15, 2005
This story discusses the possible bankruptcy of Delphi Corp., and the possibility that the industry will need to tap a
process led by Creditex and Markit to handle the pricing. The article says this would be the second time that the industry
may have to use this process to determine a settlement price for an issue in default that is part of a CDS index.
