Auction Sets Prices in Dura Default Swaps
Reuters - November 28, 2006
Dura dealers agreed on Tuesday to a set price in credit derivatives swaps backed by bonds of bankrupt auto supplier Dura
Automatovie Systems. ISDA said it created a protocol to allow buyers of protection against a Dura debt default to settle
commitments with cash payments. Creditex is cited as an administrator of the auction.
