DTCC Connection

May 01, 2012 • DTCC Connection

6 Questions: DTCC and CDS Restructurings

As background for legislators, regulators and members of the media who wanted to have a better understanding of DTCC's role in the Greek credit default swap restructuring, DTCC put together a two-page primer, "Greek Sovereign Debt Restructuring, CDS Payouts and the Role of DTCC's Trade Information Warehouse."

The Q&A format answers the following questions.

  • What is the DTCC Trade Information Warehouse?
  • What is a restructuring versus a default event?
  • What is ISDA's role in a restructuring event?
  • What is a CDS restructuring auction?
  • What is the role of the DTCC Trade Information Warehouse in the restructuring auction process?
  • Has the Trade Information Warehouse been involved in other credit events?

To receive an e-version of the report, email rkielman@dtcc.com.