This document outlines the procedures and rules for adjusting credit default options in the event of certain occurrences, such as succession or redemption events. It explains how adjustments are made at the discretion of the listing options market and details the process for redemption event adjustments, including complete redemption scenarios. An example involving Company XYZ is provided to illustrate the adjustment process.
doj/DataSet10/EFTA01393188.pdf
{"title":"Adjustment of Credit Default Options","document_type":"other","key_organizations":["listing options market"],"reference_numbers":["EFTA01393188","SDNY_GM_00244839"]}