Argentina Default Triggers $1B of Swaps in Debt Drama

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Aug. 1 (Bloomberg) -- Argentina’s failure to pay interest on its bonds is a credit event that will trigger settlement of $1 billion of credit-default swaps, according to the International Swaps & Derivatives Association. Sheelah Kolhatkar has more on "Bottom Line." (Source: Bloomberg) -- Subscribe to Bloomberg on YouTube: http://bit.ly/1nUAZmZ Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.



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