Ambac Assurance Corporation Credit Event

On March 26, 2010 the Credit Derivatives Determinations Committee for the Americas resolved that a Bankruptcy Credit Event occurred in respect of Ambac Assurance Corporation and on the same day resolved that an auction would be held. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for Ambac Assurance Corporation.

Further documentation relating to the auction will be added as it becomes available 

Auction Timeline: http://www.isda.org/companies/ISDACreditAuctionTimeline.pdf
   
List of Participating Bidders: List of Participating Bidders
   
Related DC Resolutions: 2010032501 Determination Committee Decision
   

Deliverable Obligations:

Final list
Statement regarding certain Obligations submitted for purposes of the Ambac Supplemental List

Guidance on calculation of outstanding principal balance
   
Final Auction Terms:

AMBAC CDS Auction Settlement Terms
Blackline against CEMEX CDS Auction Settlement Terms
Blackline against Japan Airlines Corporation CDS Auction Settlement Terms

Related Press Release: