Pages

Thursday, February 12, 2015

Greek failure to pay official lenders could trigger CDS payments -lawyers

Private holders of Greek default insurance could be in for a payout of over $750 million if Greece defaults on debt owed to the European Central Bank or other public-sector creditors, lawyers said. Greek credit default swaps (CDS) paid out more than a net $3 billion after privately-held debt was restructured in March 2012. Default worries are now focused on debt held by public institutions such ...


READ THE ORIGINAL POST AT finance.yahoo.com