Hello great people,Please can someone explain the consequence of the 100/500 basis point CDS trading, upon the occurrence of credit event of failure -to -pay by a U.S.entity?

<t>Please I would like to know the current state and terms of U.S Legislative proposal regarding the central counter parties on credit derivatives. And what was the settlement procedure before the emergence of Determination Committee under the Big Bang?Balmung, Thank you so much for your assistance,...

Balmung, thank you very much for your response. I think it will be very helpful to me. I will study it and get back to you with questions, particularly, the current state of central counterparties and effect of the changes on credit event of Failure to Pay.Have a lovely weekend.

<t>Hi every one,Please I am a student undertaking a research paper on: "the differences between what would happen on the occurrence of a credit event before the regime changes and after the regime took effect, (Big Bang Small Bang) using as an example a US entity that experience a Failure to Pay and...