12-04-2022, 09:37 AM
https://www.express.co.uk/news/world/159...-sanctions
The EMEA Credit Derivatives Determinations Committee (CDDC), whose members include some of the world's biggest investment banks, said a "failure to pay" credit event has occurred on Swiss franc loan participation notes linked to the company. If Russia does indeed default on this, it will mark the first time this has happened since the Bolshevik Revolution in 1917. This comes after Russian Railways, which operates both cargo and passenger trains along thousands of miles of railway, failed to make a payment to investors and a 10-day grace period expired.
The EMEA Credit Derivatives Determinations Committee (CDDC), whose members include some of the world's biggest investment banks, said a "failure to pay" credit event has occurred on Swiss franc loan participation notes linked to the company. If Russia does indeed default on this, it will mark the first time this has happened since the Bolshevik Revolution in 1917. This comes after Russian Railways, which operates both cargo and passenger trains along thousands of miles of railway, failed to make a payment to investors and a 10-day grace period expired.