Event Publicly Available Information:
Has a Bankruptcy Credit Event occurred with respect to Wirecard AG?
The EMEA DC has determined that a Bankruptcy Credit Event has occurred with respect to Wirecard AG under 2014 Transactions.
The Eligible Market Participant that submitted the DC Question included the following information:
Announcement of Reference Entity
Munich District Court statement
FT article
| Timeline | Event Determination Date: 26 June 2020 5.00 pm London time on Tuesday 28 July 2020: deadline for any market participant who wishes to participate in the Wirecard AG Auction to submit a Participating Bidder Letter to the DC Secretary. Please contact the DC Secretary as soon as possible (and in any event ahead of the deadline) for further details. 5.00 pm London time on Tuesday 28 July 2020: deadline for submission of Customer Physical Settlement Requests to the relevant Participating Bidder. Wednesday 29 July 2020: Auction Date. 4.00pm London time on Thursday 30 July 2020: deadline for Buyers to deliver Notices of Physical Settlement to Sellers in respect of any Representative Auction–Settled Transactions. Monday 3 August 2020: Auction Settlement Date. 4.00pm London time on Friday 14 August 2020: deadline for Sellers to deliver Notices of Physical Settlement to Buyers in respect of any Representative Auction–Settled Transactions. Monday 28 September 2020: Physical Settlement Date in respect of any Representative Auction–Settled Transactions. |
| Deliverable Obligations |