CIT Group Inc. Credit Event

On November 3, 2009 the Credit Derivatives Determinations Committee for the Americas resolved that a Bankruptcy Credit Event occurred in respect of CIT Group Inc. 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 CIT Group Inc.

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
   
FAQs: CIT Group Inc. Auction FAQs
   
Deliverable Obligations: Final List - word format
Final List - excel format including currency information
Submission of Potential Deliverable Obligations and Challenges
   
Related DC Resolutions:
Determination Committee Issue 2009110201
   
Final Auction Terms: CIT Group Inc. CDS Auction Settlement Terms
   
Blackline Auction Terms:

Blackline against draft CIT Group Inc. CDS Auction Settlement Terms dated Nov. 16, 2009

   

Press Release: