International Swaps and Derivatives Assn decides that Greece's debt restructuring will prompt payouts on credit-default swaps tied to the country's government bonds, ending months of speculation that began to undermine their role as insurance against debt defaults; doubts about the instruments' effectiveness may linger as analysts worry that future restructurings could be arranged to stop swaps...
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Reactions to DEALBOOK; Debt Insurance in Greece Must Pay Out, Ruling Says
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