• Credit Event Advisory - New Release Credit Event Processing for Alpha Appalachia Hldgs Inc

      • To
      • CDS Market Participants
      • From
      • CME Clearing
      • #
      • 15-297
      • Notice Date
      • 16 September 2015
      • Effective Date
      • 17 September 2015
    • Please be advised that on Thursday, September 17, 2015, CME Clearing will be performing the final processing in New Release for the credit event of Alpha Appalachia Hldgs Inc.  The final processing will entail the following:

      ·         CME Clearing will migrate the open interest in the affected indices to the new version of the respective indices.

      ·         CME Clearing will calculate and process the final compensation and coupon amounts.  The credit event cash flows will be reflected on the end of day trade registers and positions summaries for Thursday, September 17th.

      Please note, CME Clearing will be using a mock recovery rate during the final processing in New Release.

      The new version of the affected indices are listed below:


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


      CME Clearing

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