We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Work in progress

12 February 2013 By Neil Unmack

The subordinated bondholders of SNS Bank who used credit derivatives as a hedge may be denied a payout after the lender’s nationalisation. It’s not the first time the crisis has shown CDS language to be lacking. Governments’ unpredictability doesn’t help.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)