Question: Has a Governmental Intervention Credit Event occurred with respect to Credit Suisse Group AG?
This potential DC question is currently pending DC consent and has not yet been accepted. The potential question has been raised in respect of Subordinated Transactions that specify Credit Suisse Group AG as the Reference Entity and apply the Standard Reference Obligation at the Subordinated Level.
The Eligible Market Participant who submitted the question noted that in order to determine the DC Question the EMEA DC would need to determine whether the AT1 bonds were Not Subordinated to the Reference Obligation or the Prior Reference Obligation and asks the EMEA DC to consider this point in connection with the DC Question.
https://www.cdsdeterminationscommittees.org/cds/...t-suisse-group-ag/ |