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  • ISDA EMEA Determinations Committee: Credit Event Has Not Occurred With Respect To Recent Questions On The Hellenic Republic Restructuring

    Date 01/03/2012

    In light of today’s EMEA Determinations Committee (EMEA DC) unanimous decisions in respect of the two potential Credit Event questions relating to the Hellenic Republic (DC Issue 2012022401 and DC issue 2012022901), the EMEA DC has agreed to publish the following statement:

    The first submitted question (DC Issue 2012022401) asked whether the holders of Greek law bonds had been subordinated to the ECB and certain NCBs whose bonds were acquired by the Hellenic Republic prior to the implementation of new Greek legislation such that such subordination constitutes a Restructuring Credit Event. (The full text of the question is available here http://www.isda.org/dc/view.asp?issuenum=2012022401.)

    The EMEA DC unanimously determined that the specific fact pattern referred to in the first submitted question does not satisfy either limb of the definition of Subordination as set out in the ISDA 2003 Credit Derivatives Definitions (the 2003 Definitions) and therefore a Restructuring Credit Event has not occurred under Section 4.7(a) of the 2003 Definitions.

  • Listing Of GreenX European Union Aviation Allowance (EUAA) Futures Contract

    Date 01/03/2012

    Effective Sunday, April 1, 2012 for trade date Monday, April 2, 2012, and  pending all relevant CFTC regulatory review periods, GreenX will list the  European Union Aviation Allowance (EUAA) Futures contract for trading on CME  Globex® and for submission for clearing through CME ClearPort®.

  • STOXX Monthly Index Report – March 2012 In Review

    Date 01/03/2012

    As of February 29, 2012 stock market indices in Europe, Asia, the U.S. and globally were up, according to global index provider STOXX Limited. For the month of February, the Europe, Asia, U.S. and global markets were up 3.90%, 2.93% and 2.54%, respectively. The full performance report is below.

  • GreenX To Launch European Union Aviation Allowance (EUAA) Futures Contract

    Date 01/03/2012

    GreenX today announced, pending all relevant CFTC regulatory review periods, its intention to list futures contracts on European Union Aviation Allowances (EUAAs) for trade date April 2, 2012.  The contract will serve as a compliance and risk management tool for the aviation sector, included in the EU Emissions Trading Scheme from 2012.

  • CME Group And MGEX Announce The Launch Of MGEX-CBOT Wheat Spread Options

    Date 01/03/2012

    CME Group, the world's leading and most diverse derivatives marketplace and MGEX, a Designated Contract Market and Derivatives Clearing Organization, today announced the launch of MGEX-CBOT Wheat Spread Options to begin trading on March 26. These contracts are listed with, and subject to, the rules and regulations of CBOT.