Periodical
The Thomson test.
| Τίτλος: | The Thomson test. |
|---|---|
| Συγγραφείς: | Clark, Joel |
| Πηγή: | Risk. Oct2009, Vol. 22 Issue 10, p39-41. 3p. |
| Θεματικοί όροι: | *Debt relief, *Swaps (Finance), *Index mutual funds, *Default (Finance), *Derivative securities, *Bankruptcy, *Finance |
| Γεωγραφικοί όροι: | Europe |
| Εταιρία/Οντότητα: | Thomson Corp. , International Swap Dealers Association |
| People: | America, Guy |
| Περίληψη: | The article focuses on the implications of the small bang protocol on the debt restructuring initiative of media and electronics firm Thomson Corp. on July 27, 2009. It notes that the small bang protocol allows credit default swaps (CDS) to be settled through auction after a restructuring but it created problems to index tranche holders. It states that a restructuring credit event can lead to bankruptcy while the International Swaps and Derivatives Association which originally created the small bang protocol cites that challenge on handling index tranche can trigger further credit event changes. According to Guy America, head of Europe, Middle East and Africa (EMEA) credit trading at JP Morgan, small bang protocol is the best tool to make restructuring work in Europe. |
| Βάση Δεδομένων: | Business Source Index |
| FullText | Text: Availability: 0 |
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| Header | DbId: bsx DbLabel: Business Source Index An: 45105368 RelevancyScore: 1146 AccessLevel: 6 PubType: Periodical PubTypeId: serialPeriodical PreciseRelevancyScore: 1146.3779296875 |
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| Items | – Name: Title Label: Title Group: Ti Data: The Thomson test. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Clark%2C+Joel%22">Clark, Joel</searchLink> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Risk%22">Risk</searchLink>. Oct2009, Vol. 22 Issue 10, p39-41. 3p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Debt+relief%22">Debt relief</searchLink><br />*<searchLink fieldCode="DE" term="%22Swaps+%28Finance%29%22">Swaps (Finance)</searchLink><br />*<searchLink fieldCode="DE" term="%22Index+mutual+funds%22">Index mutual funds</searchLink><br />*<searchLink fieldCode="DE" term="%22Default+%28Finance%29%22">Default (Finance)</searchLink><br />*<searchLink fieldCode="DE" term="%22Derivative+securities%22">Derivative securities</searchLink><br />*<searchLink fieldCode="DE" term="%22Bankruptcy%22">Bankruptcy</searchLink><br />*<searchLink fieldCode="DE" term="%22Finance%22">Finance</searchLink> – Name: SubjectGeographic Label: Geographic Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Europe%22">Europe</searchLink> – Name: SubjectCompany Label: Company/Entity Group: Su Data: <searchLink fieldCode="DE" term="%22Thomson+Corp%2E%22">Thomson Corp.</searchLink> <br /><searchLink fieldCode="DE" term="%22International+Swap+Dealers+Association%22">International Swap Dealers Association</searchLink> – Name: SubjectPerson Label: People Group: Su Data: <searchLink fieldCode="PE" term="%22America%2C+Guy%22">America, Guy</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: The article focuses on the implications of the small bang protocol on the debt restructuring initiative of media and electronics firm Thomson Corp. on July 27, 2009. It notes that the small bang protocol allows credit default swaps (CDS) to be settled through auction after a restructuring but it created problems to index tranche holders. It states that a restructuring credit event can lead to bankruptcy while the International Swaps and Derivatives Association which originally created the small bang protocol cites that challenge on handling index tranche can trigger further credit event changes. According to Guy America, head of Europe, Middle East and Africa (EMEA) credit trading at JP Morgan, small bang protocol is the best tool to make restructuring work in Europe. |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsx&AN=45105368 |
| RecordInfo | BibRecord: BibEntity: Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 3 StartPage: 39 Subjects: – SubjectFull: Debt relief Type: general – SubjectFull: Swaps (Finance) Type: general – SubjectFull: Index mutual funds Type: general – SubjectFull: Default (Finance) Type: general – SubjectFull: Derivative securities Type: general – SubjectFull: Bankruptcy Type: general – SubjectFull: Finance Type: general – SubjectFull: Europe Type: general – SubjectFull: Thomson Corp. Type: general – SubjectFull: International Swap Dealers Association Type: general – SubjectFull: America, Guy Type: general Titles: – TitleFull: The Thomson test. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Clark, Joel IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 10 Text: Oct2009 Type: published Y: 2009 Identifiers: – Type: issn-print Value: 09528776 Numbering: – Type: volume Value: 22 – Type: issue Value: 10 Titles: – TitleFull: Risk Type: main |
| ResultId | 1 |