{"id":1616918,"date":"2022-08-19T18:08:23","date_gmt":"2022-08-19T22:08:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1616918"},"modified":"2022-08-19T18:08:33","modified_gmt":"2022-08-19T22:08:33","slug":"derivatives-committee-to-hold-russia-cds-auction-in-september-statement","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/derivatives-committee-to-hold-russia-cds-auction-in-september-statement\/","title":{"rendered":"Derivatives committee to hold Russia CDS auction in September -statement"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fderivatives-committee-to-hold-russia-cds-auction-in-september-statement%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1616918&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -A panel of investors said on Friday that it expects to hold an auction to settle credit default swaps (CDS) related to Russia\u2019s defaulted debt in the first half of September, as it continues to work on the auction setup.<\/p>\n<p>The Credit Derivatives Determinations Committee (CDDC) said the exact date is yet to be determined, according to a statement on its website.<\/p>\n<p>The auction, a usual way to settle CDS, was thrown into chaos in June when Washington said its sanctions on Russia imposed a total ban on U.S. entities buying Moscow\u2019s debt.<\/p>\n<p>But a July waiver from the Treasury\u2019s Office of Foreign Assets Control (OFAC) gave a green flag for the CDS settlement to proceed, allowing for trading to be held two business days prior to the auction date and eight business days after its conclusion.<\/p>\n<p>The committee said on Friday it continues to assess the potential impact of settlement restrictions and will publish another update ahead of the auction.<\/p>\n<p>It also provided different options https:\/\/www.cdsdeterminationscommittees.org\/documents\/2022\/08\/emea-dc-meeting-statement-19-august-2022-russian-federation.pdf for ways to participate in the settlement, and requested feedback on the participants\u2019 preferred way of doing so, which will be considered until Aug. 24.<\/p>\n<p> (Reporting by Rodrigo Campos, editing by Jorgelina do Rosario and Sandra Maler)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2739659\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI7I0UJ-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI7I0UJ-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -A panel of investors said on Friday that it expects to hold an auction to settle credit default swaps (CDS) related to Russia\u2019s defaulted debt in the first half<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1616918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1616918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1616918"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1616918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1616918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1616918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1616918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}