On December 3, 2009 the Credit Derivatives Determinations Committee for the Americas resolved that a Failure to Pay Credit Event occurred in respect of FGIC and on the same day resolved that an auction would be held. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for FGIC.
Event Publicly Available Information:
Link to Financial Guarantee Insurance Company press release announcing payment suspension Link to NYID Section 1310 notice Link to the November 2009 trustee report for the Residential Mortgage Securities II, Inc. 2005-HS2 (class AII) Link to the November 2009 trustee report for the CWHEQ Home Equity Loan Trust, Series 2006-S3
| Auction Timeline: | http://www.cdsdeterminationscommittees.org/companies/ISDACreditAuctionTimeline.pdf |
| List of Participating Bidders: | List of Participating Bidders |
| FAQs: | Financial Guaranty Insurance Company ("FGIC") FAQs |
| Deliverable Obligations: | Final List |
| Final Auction Terms: | FGIC CDS Auction Settlement Terms |
| Related Press Releases: | |