Sears the shop sale on

Sears CDS 'torpedo' attempt

Category: Regulation

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Credit event manipulation casts new shadow on instrument

After filing for bankruptcy earlier this year, Sears is now at the centre of a high-profile saga in relation to credit event manipulation affecting its associated CDS. Various tactics have now been employed by interested parties to prevent the firm’s liquidation, which could reduce any pay out on the CDS, raising further questions about the instrument’s

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