Argentina Debt Swaps Set to Pay $1.5 Billion After Default
The CDS holder of Argentina are set to receive on average 68.5% of the notional amount of the protected bonds as settled on the open market. Deriveum will use similar mechanism for for settlement calculation, but will execute in every and all circumstances, including lack of liquidity of the protection seller. The functioning of the CDS market even in the case of the most defaulting nation in recent history clearly shows that there are willing protection sellers, which is excellent point of proof for the Deriveum concept.
For more information, please check the Bloomberg report by clicking on the link below
