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MercoPress, en Español

Montevideo, November 22nd 2024 - 05:39 UTC

Tag: Clearstream

  • Friday, March 27th 2015 - 08:46 UTC

    European clearing houses close trading bridges on Argentine law bonds

    The decision was part of Argentina's decade long court battle with holdout investors seeking some 1.33 billion plus interest from Argentina.

    Clearing houses Euroclear and Clearstream have closed trading bridges on some 9.4 billion of Argentine bonds issued under the country's law. The action will prevent Euroclear customers from settling their trades with Clearstream clients and vice versa, but will not affect trading between customers belonging to the same clearing company, the same source said.

  • Tuesday, July 8th 2014 - 08:33 UTC

    EU holders of restructured Argentine bonds begin court actions in Belgium

    Bondholders sent Judge Griesa a request for clarification on the impact of his pari passu (equal treatment) ruling

    Holders of restructured Argentine bonds took to Belgian courts against Euroclear and the Bank of New York last week over their failure to pay out Argentina’s deposit, newspaper Tiempo Argentino (*) reported, citing court documents signed by the funds’ legal counsel.