The ISDA Determinations Committee has determined that a Bankruptcy Credit Event occurred with respect to Energy Future Holdings Corporation. See the following: <<<http://www.isda.org/credit/>>>. The Event Determination Date is April 29, 2014.
The Energy Future Holdings Corporation is referenced in the following CME cleared CDX North American High Yield Indices:
The initial processing date for this credit event will be today April 30, 2014.
Note: Since CME Clearing only offers index contracts there will be no single-name contract affected by this Credit Event, nor will there be a recovery swap made available for clearing on this single name.
Another advisory notice will be published detailing next steps in the settlement process and re-versioning of the affected indices
If you have questions, please contact the CME Client Services Team at firstname.lastname@example.org.
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