ISDA Updates Greek Sovereign Debt Q&A

International Swaps and Derivatives Association

October 27, 2011

ISDA has announced that following recent events related to the restructuring of Greek sovereign debt, it has updated its Greek sovereign debt Q&A. The document includes responses to the most frequently asked questions regarding the application of credit default swaps contracts in Greek sovereign debt - it outlines the triggers for credit events, the process for determining a credit event and the current amount of CDS notional outstanding on Greek sovereign debt.