NEW YORK (Reuters) – A derivatives committee said it met on Wednesday and will continue to prepare an auction to settle credit default swaps linked to Russia’s foreign sovereign debt, according to a statement on its website.
The committee said it will meet again “in due course.”
The meetings come after the U.S. Treasury’s Office of Foreign Assets Control issued last week a special waiver to allow the CDS settlement to continue, after having previously said that transactions involving Russian debt, necessary for the CDS auction, were banned.
(Reporting by Rodrigo Campos)
