European LCDS transactions refer to reference obligations rather than reference entities, as is the case in regular CDS and North American LCDS.
Markit iTraxx LevX market-makers have determined that a failure-to-pay credit event has occurred with respect to the referenced facility agreement based on publicly available information.
[Category: Financial Services]
CC AutoTriage10PkS-140613-30TacordaCheng-4766027 30TacordaCheng
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