The document discusses the adjustment of credit default options in the event of certain occurrences such as succession or redemption events. It explains how premiums are calculated and the conditions under which adjustments are made to the terms of outstanding credit default options. An example involving Company XYZ is provided to illustrate a complete redemption scenario.
documents/vol00010-efta01353487-pdf.pdf
{"document_type":"financial","document_subtype":"credit default options","key_organizations":["Company XYZ"],"reference_numbers":["EFTA01353487"]}