Aiful closes first Japanese credit default swap auction

03/29/2010 | Bloomberg Businessweek

Japan closed its first auction of credit default swaps on Aiful after settlement prices were fixed by Goldman Sachs and 12 other investment banks. Aiful was the second most insured Japanese lender on March 19 with $1.28 billion of swaps outstanding. The process could be used in a similar sale of Japan Airlines Corp. credit default swaps.

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