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The EMEA Determinations Committee of the International Swaps and Derivatives Association (ISDA) met on Friday last week (9 March) to discuss the Greek debt swap deal and to determine whether the deal amounts to a "Restructuring Credit Event", thus triggering settlement under credit default swaps (CDS) referencing the Greek sovereign.

Summary – Introduction: The listing of a société anonyme (S.A.) on the Stock Exchange constitutes a strategic/business choice, often associated with a company's maturity and expansion phase.