• REVISED Credit Event Advisory- Credit Event declared for RadioShack Corporation

      • To
      • CDS Market Participants
      • From
      • CME Clearing
      • #
      • 15-043
      • Notice Date
      • 09 February 2015
      • Effective Date
      • 10 February 2015

    • The ISDA Determinations Committee has determined that a Bankruptcy Credit Event occurred with respect to RadioShack Corporation.  See the following: <<<http://dc.isda.org/>>>.

      RadioShack Corporation is referenced in the following CDX North American High Yield Indices:

      CDXHY14V6.SR.XR.USD

      CDXHY15V6.SR.XR.USD

      CDXHY16V6.SR.XR.USD

      CDXHY17V6.SR.XR.USD

      CDXHY18V3.SR.XR.USD

      CDXHY19V2.SR.XR.USD

      CDXHY20V2.SR.XR.USD

      CDXHY21V2.SR.XR.USD

      CDXHY22V2.SR.XR.USD

      CDXHY23.SR.XR.USD

       

      The Event Determination Date is Friday, February 6, 2015.  The Initial Processing Date for this Credit Event will be Tuesday, February 10, 2015.

      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.

      Additional advisory notices will be published detailing the Auction and Final Processing dates.

      If you have questions, please contact the CME Client Services Team at onboarding@cmegroup.com.

      Regards,

      CME Clearing

      For a printer friendly version of this advisory, please click here.

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