Home Breadcrumb caret Investments Breadcrumb caret Market Insights No default insurance for Greek bondholders The International Swaps and Derivatives Association has decided the Greek debt restructuring does not constitute a “credit event” and that Greek investors should not receive billions of dollars in credit default insurance. By Staff | March 1, 2012 | Last updated on March 1, 2012 1 min read The International Swaps and Derivatives Association has decided the Greek debt restructuring does not constitute a “credit event” and that Greek investors should not receive billions of dollars in credit default insurance. Read Greece in default: S&P The association turned down two requests for a payout to be triggered over next week’s €206bn debt swap, but left the door open for future negotiations. Read more on why the association rejected investor requests, and how the situation will continue to evolve. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo