ISDA

Quote To Start The Day: “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” Source: Colin Powell One Big Thing In Fintech: Billionaire investor Mark Cuban is very bullish on the future of DeFi, or decentralized finance, and DAOs, or...

Quote Of The Day: The only real prison is fear, and the only real freedom is freedom from fear. - Aung San Suu Kyi Fintech Movers: With COVID-19 and remote work causing many people to reconsider where they live, cities like Austin, Denver and Salt Lake City have increasingly come into the...

On Friday, the International Swaps and Derivatives Association declared that, under the terms of Greece's debt restructuring, the country had undergone a credit event. The market reacted little on the news, giving back only a few points. Friday morning it was revealed that Greece was unable to...

The International Swaps and Derivatives Association (ISDA) ruled today that the latest debt swap arrangement, which imposes a 53.3% haircut on the Greek bonds, is not a "credit event" that will trigger the credit default swap contracts. Essentially, this means that the investors, who had bought...