News
news The Mystery of the Belmez Faces
news NASA to test ‘space lasers’ with latest launch
news Satellite Images Of Strange Lost City in the South Pacific
news Do Aliens Come From Under the Oceans?
news Bizarre Paranormal Mysteries of World War I
news Human brains and bodies could be hacked to create life in hostile environments
news Nuke fallout alert as Russian radioactive leak sweeps across Europe
news Russian, 20, claims he lived on the Red Planet before being reborn on Earth
news Government Files and the Abominable Snowman
news Mind-Controlled Drone Swarms Could Soon Put More Eyes in the Sky
news How America’s National Parks Became Hotbeds of Paranormal Activity



Username:
Password: or Register
 
Thread Rating:
  • 2 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5

Venezuela—finally and officially—defaulted on its bonds
LoP Guest
lop guest
User ID: 397555
11-17-2017 12:32 AM

 



Post: #46
RE: Venezuela—finally and officially—defaulted on its bonds
Advertisement
Update derivatives trigger

Venezuela, PDVSA CDS Triggered: ISDA Says Credit Event Has Occurred

In a long overdue, and not exactly surprising decision, moments ago the ISDA Determination Committee decided, after punting for three days in a row, that a Failure to Pay Credit Event has occured with respect to both the Bolivarian Republic of Venezuela as well as Petroleos de Venezuela, S.A.

Specifically, in today's determination, in response to the question whether a "Failure to Pay Credit Event occurred with respect to Petroleos de Venezuela, S.A.?" ISDA said that the Determinations Committee voted 15 to 0 that a failure to pay credit event had occurred with respect to PDVSA.


http://www.zerohedge.com/news/2017-11-16...as-occured

And, there's never more than 1 cockroach (Denniger)
Quote this message in a reply

LoP Guest
lop guest
User ID: 397555
11-17-2017 12:34 AM

 



Post: #47
RE: Venezuela—finally and officially—defaulted on its bonds
Those CDS triggers can also cascade like dominoes as someone then has to pay who doesn't have the cash, and they trigger something else.
Quote this message in a reply








Contact UsConspiracy Forum. No reg. required! Return to TopReturn to ContentRSS Syndication