ISDA

ATHENS – A deal forcing investors to take huge losses on Greek bonds – including small bondholders who were supposed to be exempted – wrote down the country’s debt by $134 billion but also triggered payments of some $2.89...

ATHENS – With the biggest restructuring of public debt ever agreed upon, writing off $134 billion in Greece’s debt but at the cost of a technical default, interim Prime Minister Lucas Papademos said he doesn’t want Greece to return...

The International Swaps and Derivatives Association (ISDA) has decided unanimously today to declare that Greek's bond swap constitutes a "credit event" and that "the right of all holders of the affected Bonds to receive payments has been reduced," according...