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Banking, Insurance and Financial Services Blogs

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CASE STUDY: GREEK SOVEREIGN BOND DEFAULT

  Nov 29 2018

# Banking, Insurance and Financial Services

In March 2012, Greece (the Hellenic Republic) was declared to be in default on its sovereign bonds by the International Swaps and Derivatives Association (ISDA) as a result of the invocation of Contingency Action Clauses (CAC’s). The following are the highlights from the ISDA press release announcing the default. LONDON, March 9, 2012 – The International Swaps and Deri...;

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