BNP Paribas (BNPQY.PK), which has been hired to convince Greece's creditors to take a haircut,...

|About: BNP Paribas ADR (BNPQY)|By:, SA News Editor

BNP Paribas (BNPQY.PK), which has been hired to convince Greece's creditors to take a haircut, is telling them their CDSs may not pay out, as the terms of the old debt can be changed. The more holders who agree, the more money BNP makes, while some wonder about the bank's own exposure to those CDSs. (see also)