The Credit Derivatives Decision Board of the International Swaps and Derivatives Association (ISDA) falls under credit default swap (CDS) transactions for Russia’s ruble redemption and interest payments on dollar-denominated government bonds last week. It was decided to decide whether to do it.
Russia pays dollar-denominated debt in rubles-technical default? (1)
The committee is scheduled to meet on the 13th, and this decision will affect CDS holders with Russia’s $ 40 billion debt.
This week, the commission ruled that the state-owned Russian Railways did not pay interest last month and was a credit default swap for CDS transactions.
Russian Railways default, credit derivative committee decides
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">Top Panel to Rule if Russia Ruble Payouts Trigger Default Swaps(excerpt)