The numbers keep rising as the participation rate in Greek bond swap is now said to be 90-95%...

|By:, SA News Editor

The numbers keep rising as the participation rate in Greek bond swap is now said to be 90-95% and may even top 95%, reports the FT. A level around 95% would mean CACs do not have to be activated, making it less likely the ISDA will declare a credit event and trigger CDS payouts. (earlier)