In January 2003, the ISDA published its revised credit events definitions in the 2003 ISDA Credit Derivative Definitions. In regards to these definitions, which of the below statements is FALSE?

Question

Quizplus · Accepted Answer

All of the definitions in the 2003 ISDA Credit Derivative Definitions involve restructuring in some way, so statement B is false. The major change in the revised definitions was the addition of a new credit event, namely "repudiation/moratorium", which was intended to capture situations where an entity denies or is unable to fulfill its obligations. The revised definitions also made some minor changes regarding the definition of restructuring, such as clarifying that certain types of amendments to a debt instrument would not trigger a credit event.

In January 2003, the ISDA Published Its Revised Credit Events