On April 10, 2012 the AEJ Credit Derivatives Determinations Committee resolved that a Bankruptcy Credit Event occurred in respect of Sino-Forest Corporation and resolved that an auction will be held in respect of outstanding CDS transactions. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for Sino-Forest Corporation.
Further documentation relating to the auction will be added as it becomes available.
Event Publicly Available Information:
| Auction Timeline: | Common Event Determination Date: Monday, April 2, 2012 |
| List of Participating Bidders: | |
| Deliverable Obligations: | |
| Auction Settlement Terms: | Auction Settlement Terms for Sino-Forest Corporation Blackline against the 2012 ERC Ireland Finance Limited Credit Derivatives Auction Settlement Terms For the avoidance of doubt, the Deliverable Obligation Provisions applicable to the following Transaction Types will be identical to a set of Deliverable Obligation Terms applicable to the Auction, and accordingly, these Transaction Types may be Auction Covered Transactions (assuming satisfaction of the criteria): NORTH AMERICAN CORPORATE, STANDARD NORTH AMERICAN CORPORATE, EUROPEAN CORPORATE AND STANDARD EUROPEAN CORPORATE. |
| Related Press Release: | Determinations Committee: Sino-Forest Corporation Bankruptcy Credit Event |