Has a Failure to Pay Credit Event occurred with respect to Steinhoff Europe AG?
Event Publicly Available Information:
The DC resolved that a Failure to Pay Credit Event occurred on 8 February 2019 with respect to the Reference Entity in relation to 2014 Transactions. See the DC Statement for more information.
| Auction Timeline | Common Event Determination Date: March 20, 2019 Auction Date: September 25, 2019 Auction Settlement Date: September 30, 2019 |
| Settlement Terms | Auction in respect of 2014 Transactions 2019 Steinhoff Europe AG Auction Settlement Terms EMEA DC Statement September 20, 2019 Further to the publication of the Auction Settlement Terms in relation to Steinhoff Europe AG on Friday 20 September, market participants should note the timing of the following auction/settlement – related key events/deadlines: 5.00 p.m. London time on Monday 23 September 2019: deadline for any market participant who wishes to participate in the Steinhoff Europe AG Auction to submit a Participating Bidder Letter to the DC Secretary. 5.00 p.m. London time on Tuesday 24 September 2019: deadline for submission of Customer Physical Settlement Requests to the relevant Participating Bidder. Wednesday 25 September 2019: Auction Date. 4.00 p.m. London time on Thursday 26 September 2019: deadline for Buyers to deliver Notices of Physical Settlement to Sellers in respect of any Representative Auction–Settled Transactions. Monday 30 September 2019: Auction Settlement Date. 4.00 p.m. London time on Friday 11 October 2019: deadline for Sellers to deliver Notices of Physical Settlement to Buyers in respect of any Representative Auction–Settled Transactions. Friday 22 November 2019: Physical Settlement Date in respect of any Representative Auction–Settled Transactions. |
| Deliverable Obligations | Auction in respect of 2014 Transactions Timetable for publication of Final List Friday 13 September 2019: publication of Initial List. 5:00 p.m. London time Monday 16 September 2019: deadline for submitting additional potential Deliverable Obligations to the DC Secretary for inclusion on the Supplemental List. Please see Submission of Potential Deliverable Obligations and Challenges Note below for further information on making such a submission. 7:00 p.m. London time Monday 16 September 2019: publication of the Supplemental List. 5:00 p.m. London time Thursday 19 September 2019: deadline for challenging obligations on the Supplemental List. Please see Submission of Potential Deliverable Obligations and Challenges Note below for further information on making such a challenge. 5:00 p.m. London time Monday 23 September 2019: if applicable, deadline for resolving challenges. After 5:00 p.m. London time on Monday 23 September 2019 (or earlier if no challenges received): publication of the Final List. Submission of Potential Deliverable Obligations and Challenges |
| List of Participating Bidders | Auction in respect of 2014 Transactions |