ISDA®
ISDA - INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.
NEWS RELEASE
For Immediate Release, Tuesday, December 1, 2009
For More Information, Please Contact:
Deirdre Leahy, ISDA New York,
+1 212-901-6021, dleahy@isda.org
Cesaltine Gregorio, ISDA New
York, +1 212-901-6019, cgregorio@isda.org
Donna Chan, ISDA Hong Kong, +852 2200 5906, dchan@isda.org
ISDA to Publish Auction Terms for
Thomson in Respect of Bankruptcy Credit Event
On
November 30, Thomson announced it had requested and obtained the opening of a
'sauvegarde' proceeding in the Tribunal de
Commerce de Nanterre. Auctions were held on October 22, 2009 in respect of
Thomson as a result of a Restructuring credit event.
ISDA will facilitate the process by publishing the auction terms on its website www.isda.org/credit, in due course. The auction will be administered by Markit and Creditex.
About ISDA
ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has over 830 member institutions from 58 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.
ISDA® is a registered trademark of the International Swaps & Derivatives Association, Inc.