S&P has warned it would likely characterize a rollover of some Greek debt as a default, but that won’t trigger a determination of default by the International Swaps and Derivatives Association, as David Geen, general counsel for ISDA, told CNBC. Geen begins speaking at 8:15 in the clip.
Watch: Greek Debt Rollover Won’t ‘Trigger’ Default Swap: ISDA Counsel
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