July 05, 2011 at 16:12 PM EDT
Greek Debt Rollover Won't 'Trigger' Default Swap: ISDA Counsel
Though rating agencies have warned that they would cut Greece's credit rating to default levels if a Greek rollover debt occurred, this would not trigger any credit default swap payout, David Geen, general counsel of the International Swaps and Defaults Association, told CNBC Tuesday.
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