Question: Has a Failure to Pay Credit Event occurred with respect to JSC Alliance Bank? In particular, is the obligation of the Reference Entity to deposit the converted amount of Recoveries into the Collection Account pursuant to Condition 6(a) of the Recovery Notes a “payment” and, if so, is such payment “under” the Recovery Notes, […]

Question: Has a Failure to Pay Credit Event occurred with respect to JSC Alliance Bank? Additional Information: Excerpt from investor presentation prepared by Alliance Bank and posted on its website under “Investor Relations”, slide 21 (link pasted below). “Events of Default Under the Notes – Update As announced on 13 December 2013, Alliance Bank has […]