• Credit Event Advisory - CME Clearing Credit Event Processing for Eastman Kodak Company

      • To
      • Clearing Member Firms; CDS Market Participants
      • From
      • CME Clearing
      • #
      • 12-051
      • Notice Date
      • 07 February 2012
      • Effective Date
      • 07 February 2012
    • The ISDA Determinations Committee has announced that an auction, or series thereof, will be held in respect of Eastman Kodak Company on February 22, 2012. See the following: <<< http://www.isda.org/credit/>>>.
       
      Eastman Kodak Company is referenced in the following CME cleared CDX North American High Yield Indices:
       
      CDXHY11V19.SR.XR.USD
      CDXHY12V10.SR.XR.USD
      CDXHY13V4.SR.XR.USD
      CDXHY14V3.SR.XR.USD
      CDXHY15V3.SR.XR.USD
      CDXHY16V3.SR.XR.USD
      CDXHY17V3.SR.XR.USD
       
      The CME final processing date for this credit event will be the business day following the final price determination date. This means, if the auction is successful on February 22, 2012, then the CME final processing day will be February 23, 2012.
       
      The current version of the index will be tradable through the final price determination date. The new version of the index will be made available for trading start of day on the business day following the final price determination date. 
       

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