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. The document also provides an example involving Company XYZ and its bond issue.
doj/DataSet10/EFTA01393162.pdf
{"document_type":"financial","document_subtype":"credit default options","key_organizations":["Company XYZ"],"reference_numbers":["EFTA01393162","SDNY_GM_00244786"]}