Northern Rock (Asset Management) plc Credit Event

On December 19, 2011 the EMEA Credit Derivatives Determinations Committee resolved that a Restructuring Credit Event occurred in respect of Northern Rock (Asset Management) plc and resolved that one or more auctions may be held. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for Northern Rock (Asset Management) plc. Further documentation relating to the auctions will be added as it becomes available.

Auction Timeline:

CDS Credit Event Timeline

List of Participating Bidders:

List of Participating Bidders

Related DC Resolutions:

EMEA Determination Committee Decisions

Deliverable Obligations:

Final List of Deliverable Obligations

The Exercise Cut-off Date for a Seller wishing to deliver a Credit Event Notice expired on Thursday 19 January 2012.  The Exercise Cut-off Date for a Buyer wishing to deliver a Credit Event Notice expired on Tuesday 24 January 2012.

The Movement Option Exercise Cut-Off Date is Monday 30 January 2012.

The Auction Date is 02 February 2012.

Maturity Buckets:

Auction/Movement Option information

Auction Settlement Terms:

Auction Settlement Terms for Northern Rock (Asset Management) plc

Blackline final Auction Settlement Terms (01/25/2012) against Potential Senior Auction Settlement Terms (01/17/2012)

Deriv/SERV Northern Rock triggered transactions data:

Northern Rock Triggered Transaction Data

Related Press Release:

Determinations Committee: Northern Rock (Asset Management) plc Restructuring Credit Event