News Column

ISDA EMEA Credit Derivatives Determinations Committee: Espirito Santo Financial Group S.A. Bankruptcy Credit Event

August 4, 2014



LONDON, Aug. 4 -- The International Swaps and Derivatives Association issued the following news release:

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of Espirito Santo Financial Group S.A.

The Committee resolved that no auction would be held in relation to this event. Further information regarding this credit event is available on ISDA's website, www.isda.org/credit.

[Category: Financial Services]

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