On December 19, 2011 the EMEA Credit Derivatives Determinations Committee resolved that a Restructuring Credit Event occurred in respect of Northern Rock (Asset Management) plc and resolved that one or more auctions may be held. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for Northern Rock (Asset Management) plc. Further documentation relating to the auctions will be added as it becomes available.
Event Publicly Available Information:
| Auction Timeline: | Common Event Determination Date: Thursday, December 15, 2011 |
| List of Participating Bidders: | List of Participating Bidders |
| Deliverable Obligations: | Final List of Deliverable ObligationsThe Exercise Cut-off Date for a Seller wishing to deliver a Credit Event Notice expired on Thursday 19 January 2012. The Exercise Cut-off Date for a Buyer wishing to deliver a Credit Event Notice expired on Tuesday 24 January 2012.
The Movement Option Exercise Cut-Off Date is Monday 30 January 2012. The Auction Date is 02 February 2012. |
| Maturity Buckets: | Auction/Movement Option information |
| Auction Settlement Terms: | Auction Settlement Terms for Northern Rock (Asset Management) plcBlackline final Auction Settlement Terms (01/25/2012) against Potential Senior Auction Settlement Terms (01/17/2012) |
| Deriv/SERV Northern Rock triggered transactions data: | Northern Rock Triggered Transaction Data |
| Related Press Release: | Determinations Committee: Northern Rock (Asset Management) plc Restructuring Credit Event |