To the extent Fallback Settlement (as defined in the 2014 CDS Definitions) applies, what are the Deliverable Obligations for each restructuring bucket in respect of Vue Entertainment International Limited. This question is asked in contemplation of Section 3.8(b) of the DC Rules, and is in line with the recent standard DC practice to produce a […]

If the DC determines that UBS Group AG is the Successor to Credit Suisse Group AG following the merger, please can the DC also determine the impact of the merger on Transactions that reference Credit Suisse Group AG at the subordinated level in particular. What would be the Obligations and Deliverable Obligations under such Transaction? […]

Is there a Successor to Credit Suisse Group AG? The DC question has been raised in respect of Standard European Corporate, Standard European Financial Corporate and Standard European CoCo Financial Corporate Transaction Types. In respect of the Financial Transaction Types, the DC question relates to both the Senior and Subordinated Level. The Eligible Market Participant […]

Has a Failure to Pay Credit Event occurred with respect to Casino Guichard-Perrachon SA? The Eligible Market Participant who submitted the above question provided the following documents in support of their question: Prospectus of the 2026 Notes: http://www.oblible.com/Prospectus/www.oblible.com__XS2276596538.pdf Kroll Landing Page in respect of Consent Solicitation in respect of 2026 Notes and 2027 Notes: https://deals.is.kroll.com/CASINO […]

Has a Bankruptcy Credit Event occurred with respect to Casino Guichard-Perrachon SA? The Eligible Market Participant who submitted the above question provided the following documents in support of their question: Press release of the Reference Entity dated 26 May 2023 announcing initiation of conciliation procedure: https://www.groupe-casino.fr/wp-content/uploads/2023/05/2023-05-26-PR-Conciliation.pdf Reuters news article dated 26 May 2023: https://www.reuters.com/business/retail-consumer/debt-laden-retailer-casino-enters-court-backed-negotiations-with-creditors-2023-05-26/ Bloomberg […]

Has a Bankruptcy Credit Event occurred with respect to Credit Suisse Group AG? The EMEA DC has determined that a Bankruptcy Credit has not occurred. See decision and statement to the right. The DC question has been raised in respect of Standard European Corporate, Standard European Financial Corporate and Standard European CoCo Financial Corporate Transaction […]

Has a Governmental Intervention Credit Event occurred with respect to Credit Suisse Group AG? The EMEA DC has made its determination in respect of Subordinated Transactions on either the Standard European Financial Corporate Transaction Type or the Standard European CoCo Financial Corporate Transaction Type that specify Credit Suisse Group AG as the Reference Entity. The […]

Has a Failure to Pay Credit Event occurred with respect to Evraz Group S.A.? The Eligible Market Participant who submitted the above question provided the following documents in support of their question: Press release by Evraz plc dated 20 March 2023 announcing that its 5.375% Notes due on 20 March 2023 (the 2023 Notes) would […]

Is there a Successor to Prudential Plc? The Eligible Market Participant that submitted the DC Question included the following links: Prudential Plc / Prudential Funding Asia Plc press release Issuer\’s credit investor information and documentation page (including guarantee terms) Fitch notice Moody\’s notice Slaughter and May deal announcement