Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

ISDA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event !

February 29, 2012 by mosesman
  • The ISDA is the organization which will decide whether a credit event (ie. default) has occurred that will trigger CDS (insurance against default) payments. It is this organization, owned by the 5 large Wall Street Banks, which will determine whether CDS are triggered and not any other agencies, or rating agencies! I do not believe they will declare a credit event on the 1 March meeting. It is the meeting around or after the 20 March (which is when Greece must make or default on €14.4B payments) which is the important one!
    –
  • If a default is declared, all eyes will be on how many billions of dollars of CDS are triggered. Which financial institution are involved and who will go under? If a default is not declared when the market believes a default should be declared, the CDS market will lose credibility and tank. What good are insurance against default (CDS) when it doesn’t protect you against a debtor default. Who will want to buy CDS right? CDS are a highly profitable biz for the Wall Street Illuminist banksters! Either way we live in interesting times!
    –
    ISDA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event! 
    via www.jsmineset.com 
    LONDON, February 28, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.
    –
    In accordance with the Determinations Committee Rules, a meeting will be held at 11AM GMT on Thursday, March 1 to determine whether a credit event has occurred.
    –
    Further information regarding the question is available at www.isda.org/credit.

end

Post navigation

Previous Post:

Greyerz: Gold Will Trade Above $2,000 by The End of March! Silver US$50-67 Range!

Next Post:

George Osborne: UK Has Run Out of Money! Britain on Path of Bankruptcy!

Pages

  • About

Recent Posts

  • China & Russia Ditch US Dollar for Gold Backed Digital Currency – What It Means With Richard Turrin!
  • FedNow Launched in Midst of Banking Crisis, Is It a Precursor to CBDCs, ‘Totalitarian’ Control?
  • New Global Reserve Currency – SPECIAL EPISODE – Robert Kiyosaki, Andy Schectman
  • WW3: NATO Deploys 300K Soldiers To Russia’s Border
  • Archbishop Viganò: Reject Soros, Schwab, and Gates, ‘We Need an Anti-Globalist Alliance’ — Anti Luciferian New World Order
  • The Comex Is in Far Worse Shape Than SVB if the Run on Physical Accelerates
  • Bank Runs: All Roads Lead to Central Bank Digital Currencies, You Need Gold, Bitcoin to Exit System
  • Illuminati Skull And Bones | Building One World Government
  • Globalists Confirm ‘2023 Is Year 1 Of The New World Order’ With Their ‘End Game’ Seen In New York Unveiling ‘Quarantine Camps’ And Promises Of A Coming ‘Shock’ To Fully Usher In Tyranny
  • Pfizer, CDC Withheld Evidence of Myocarditis After COVID Shots, New Documents Reveal
  • COVID-19 Vaccines Can Cause ‘Permanent Disabilities,’ Says German Health Minister
  • Poland ‘Will Be Forced to Enter War’ If Russia Breaks Down Kyiv’s Defence
  • “This Just Makes No Sense”: European Regulators Rush To Calm AT1 Investors After Credit Suisse Wipeout Shock
  • Tucker Carlson: The Media’s Job Is To Control!
  • YOU ARE HERE: Recognizing Where We Are in the Repeating Cycle of Civilization Collapse
  • The $17 Billion Wipeout of Credit Suisse Bondholders Has Not Gone Down Well in Europe
  • Wall Street Reacts To Credit Suisse Bailout: UBS Default Risk Hits 11-Year High
  • March 2023. Heart Attacks, Strokes Continue to SURGE in Young People: Now We Know WHY
  • First Republic Bank Shares Crash To New Record Low, JPM’s Dimon Reportedly Leading Another Rescue Effort
  • North Korea’s Army Practices Nuclear Attack Readiness as Kim Jong-Un Oversees ‘Warning Shots’

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
February 2012
M T W T F S S
« Jan   Mar »
 12345
6789101112
13141516171819
20212223242526
272829  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes