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Debtor In Possession Seen Delaying Bullet LCDS July 02, 2009

--Katy Burne

As the wait for the new bullet loan-only credit default swap contracts continues, some market participants have questioned whether debtor in possession loans should be deliverable into LCDS settlement auctions. According to one official familiar with industry discussions on the matter, the contract launch has been delayed further to address specific hang-ups on this issue.

One question concerns whether a protection buyer would receive more favorable settlement terms by delivering a DIP loan over a regular loan, according to a New York ...

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