NEW YORK, April 30, 2014 – The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its Americas Credit Derivatives Determinations Committee resolved that a bankruptcy credit event occurred in respect of four Energy Future Holdings entities:
1. Energy Future Holdings Corp.2. Texas Competitive Electric Holdings Company LLC3. Energy Future Intermediate Holding Company LLC4. EFIH Finance Inc.
ISDA will publish further information, including whether a CDS auction will be held, on its website, www.isda.org/credit, in due course.
About ISDA Since 1985, ISDA has worked to make the global over-the-counter (OTC) derivatives markets safer and more efficient. Today, ISDA has over 800 member institutions from 64 countries. These members include a broad range of OTC derivatives market participants including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure including exchanges, clearinghouses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association’s web site: www.isda.org.
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