CDS Panel Rules Intrum’s Bankruptcy Filing Is a Credit Event

Nov. 20, 2024, 8:23 AM UTC

The EMEA Determinations Committee, which oversees the credit default-swap market in the region, has ruled that Intrum’s Chapter 11 filing constitutes a credit event, according to a statement late Tuesday, paving the way for a payout.

  • EMEA DC said a bankruptcy credit event occurred on Nov. 15 when the Swedish debt collector’s filing took place
  • The committee plans to meet again on Nov. 21 to discuss settlement
  • A ruling that a credit event has occurred paves the way for a payout for holders of CDS tied to Intrum’s debt
  • NOTE: Nov. 15, Sweden’s Intrum Files for Bankruptcy in US to ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.