New Developments 2010 New Developments 2010
New Developments 2010

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December 30, 2010
Calculations for Payments on Uruguay VRR's Announced.

December 23, 2010
Fitch Downgrades Portugal’s Long-Term Foreign Currency Rating from AA- to A+.

Fitch Downgrades Hungary’s Long-Term Foreign Currency Issuer Rating from BBB to BBB-.

Standard & Poor’s Upgrades Kazakhstan’s Long-Term Foreign Currency Rating from BBB- to BBB.

December 21, 2010
Skye Ventures v. Venezuela

December 20, 2010
2011 Holiday Schedule.

2011 Batch Settlement Schedule for Certain Class I Loan Assets.

December 17, 2010
Moody's Downgrades Ireland's Foreign-Currency Government Bond Rating Five Notches from Aa2 to Baa1. 

December 16, 2010
Banco Central Do Brasil Amendments to the PTAX Rate Methodology (in Portuguese).  

Banco Central Do Brasil Amendments to the PTAX Rate Methodology (in English).

EMTA Annual Meeting Sell Side Panel - Market Views on Key Variables for 2011.

Standard & Poor’s Upgrades Hong Kong’s Long-Term Issuer Credit Rating from AA+ to AAA.

Standard & Poor’s Upgrades The People’s Republic of China’s Long-Term Sovereign Credit Rating from A+ to AA-.

December 15, 2010
Moody's Downgrades Vietnam's Government Bond Rating from Ba3 to B1.

December 14, 2010
EMTA today announces the publication of its Recommended FX and Currency Derivatives Market Practice No.54 on Template Terms for Nigerian Naira Non-Deliverable Forward FX Transactions. See EMTA’s website (FX and Currency Derivatives Documentation and Market Practices) for documentation and more information.

December 8, 2010
EMTA Announces 3Q 2010 Debt Trading Stood at US$1.95 Trillion. 

Holiday Schedule for EM Bond Trades for Christmas, Boxing Day and New Year's Holidays. 

December 7, 2010
Standard & Poor’s Upgrades Latvia’s Long-Term Foreign Currency Rating from BB to BB+. 

December 6, 2010
Save the Date! EMTA Corporate Bond Forum in London to be Held on January 25, 2011.

Moody's Downgrades Hungary's Foreign-Currency Government Bond Rating from Baa1 to Baa3.

December 1, 2010
EMTA's Fourth Quarter Bulletin is Now Available in our Bulletin Section.

December 2010
Central Bank of Brazil Amended Methodology For PTAX Determination (English Translation) -- Dec 2010. 

November 29, 2010
FXC Submits Comments to Treasury on “Determination of FX Swaps and FX Forwards”. 

Richards Kibbe & Orbe Memorandum: A Claims Market Emerges in Iceland.

November 24, 2010
SIFMA/AMG Letter to CFTC and SEC Addressing Definition of Foreign Exchange Forward and Other Items. 

November 23, 2010
ISDA Letter to the United States Department of Treasury on “Determination of Foreign Exchange Swaps and Forwards”. 

November 22, 2010
Items Available for Silent Auction at the Emerging Markets Charity Benefit to be Held in New York on December 2, 2010 Available Now!

November 17, 2010
Holiday Schedule for EM Bond Trades for US Thanksgiving Day Holiday. 

November 15, 2010
SIFMA/AFME/ASIFMA Letter to the United States Department of Treasury on “Exemption of  Foreign Exchange Swaps and Forwards”. 

EM Charity Benefit NYC – Raffle Information Now Available.

November 14, 2010
Statement by the IMF Mission to Iceland.

November 12, 2010
Standard & Poor's Upgrades Philippines Long-Term Foreign Currency Sovereign Credit Rating from BB- to BB.

November 11, 2010
Moody's Upgrades China's Foreign-Currency Government Bond Rating from A1 to Aa3.

November 5, 2010
EMTA Special Seminar: Argentina: Pros and Cons

Fitch Upgrades Ecuador’s Foreign-Currency Issuer Default Rating from CCC to B-.

November 1, 2010
Affonso Pastore to Deliver Keynote Address at EMTA’s Annual Meeting on December 2, 2010. Click Here to Register.

Fiscal Agent Notice Regarding November 15, 2010 Payment on Nigeria Payment Adjustment Rights.

October 27, 2010
Holiday Schedule for EM Bond Trades for US Veterans' Day Holiday. 

October 22, 2010
EMTA Special Seminar: Argentina: Pros and Cons to be Held on November 5, 2010 in NYC. Click Here to Register.

Standard & Poor’s Downgrades Barbados’ Foreign-Currency Sovereign Credit  Rating from BBB  to BBB-.

October 19, 2010
Presentation by Peter Dattels, International Monetary Fund, at EMTA Fall Forum. 

October 13, 2010
Argentine Undersecretary of Finance, Adrián E. Cosentino, Will Deliver a Keynote Address at EMTA’s Fall Forum on October 19, 2010. Sponsored by Bulltick Capital Markets. Click Here to Register.

October 7, 2010
EMTA's Third Quarter Bulletin is Now Available in our Bulletin Section.

Calculations for Payments on Venezuela Oil Obligations Announced. 

October 4, 2010
Richards Kibbe & Orbe Memorandum on Recent Denial of Consents to Secondary Loan Assignments. 

September 30, 2010
Moody's Downgrades Spain's Foreign Currency Government Bond Rating from Aaa to Aa1. 

September 29, 2010
Peter Dattels, IMF Monetary and Capital Markets Department, to Deliver Keynote Address at EMTA Fall Forum on October 19, 2010. Sponsored by Bulltick Capital Markets. Click Here to Register

Holiday Schedule for EM Bond Trades for US Columbus Day Holiday. 

September 28, 2010
Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly. 

September 27, 2010
EMTA's Fifth Annual Forum in Singapore to be Held on Wednesday, October 27, 2010. Click Here to Register.

2010 FX Commitment Letter. 

September 23, 2010
Circular 3.506 of the Banco Central do Brasil Regarding Changes to the PTAX Rate Methodology (in Portuguese). 

September 21, 2010

List of Live Auction and Silent Auction Items for Sale at EM Benefit To Be Held in London on October 1, 2010 Available Now!

September 20, 2010

ISDA Letter to the CFTC and SEC on “Definitions Contained in Title VII of the Dodd-Frank Wall Street Reform and Protection Act”. 

EMTA's Fifth Annual Forum in Hong Kong to be Held on Friday, October 29, 2010. Click Here to Register

MarketAxess, in Partnership with EMTA, Announces Seventh Annual Charity Trading Day. 

September 17, 2010

UNIDROIT Convention on Substantive Rules for Intermediated Securities.  Click Here for Summary. 

September 14, 2010

Standard & Poor’s Upgrades Sri Lanka’s Foreign Currency Sovereign Credit Rating from B to B+.

Davis Polk Memorandum “Treasury Department Issues Iranian Financial Sanctions Regulations”. 

September 13, 2010

Standard & Poor’s Upgrades Argentina’s Foreign Currency from B- to B. 

September 6, 2010

Standard & Poor’s Upgrades Uruguay’s Long-Term Foreign Currency Sovereign Credit Rating from BB to BB+. 

August 31, 2010

Save the Date! Fifth Annual EMTA Forums in Asia -- October 27 and October 29. 

August 27, 2010

Standard & Poor’s Downgrades Ghana’s Long-Term Sovereign Credit Rating from B+ to B. 

August 25, 2010

EMTA Fall Forum in New York to be Held on October 19, 2010. Sponsored by Bulltick Capital Markets. Details TBA.

August 24, 2010

Holiday Schedule for EM Bond Trades for UK Summer Bank and US Labor Day Holidays.

Standard & Poor’s Downgrades Ireland’s Long-Term Sovereign Credit Rating from AA to AA-. 

August 23, 2010

Moody's Downgrades Bahrain's Foreign Currency Government Bond Rating from A2 to A3. 

August 12, 2010

EMTA Announces 2Q 2010 Debt Trading Stood at US$1.551 Trillion. 

Moody's Assigns Moldova a Long-Term Foreign-Currency Issuer Rating of B3. 

August 11, 2010

EMTA Corporate Bond Forum in New York to be Held on September 22, 2010. Click Here To Register.

August 10, 2010

EMTA Announces 2Q 2010 EM CDS Volume Stood at US$658 Billion. 

August 2, 2010

Standard & Poor’s Upgrades Ecuador’s Long-Term Sovereign Credit Rating from CCC+ to B-. 

July 28, 2010

Fitch Downgrades Vietnam’s Long-Term Foreign Currency Issuer Default Rating from BB- to B+. 

July 27, 2010

Fitch Upgrades Uruguay's Long-Term Foreign Currency Issuer Default Rating from BB- to BB. 

July 26, 2010

Aurelius Capital Partners v. Argentina. 

July 23, 2010

Emerging Markets Benefit to be Held in London on October 1, 2010. Click Here for Invitation.

July 21, 2010

EMTA Announces 1Q 2010 EM CDS Volume Stood at US$487 Billion. 

July 19, 2010

EM Ltd. and NML Capital v. Argentina: Prof. Hal Scott Amicus Curiae Brief and Various Motions Relating Thereto.

Moody's Downgrades Ireland's Government Bond Rating from Aa1 to Aa2. 

HKMA and PBOC Press Release on Renminbi Trading. 

July 13, 2010

Emerging Markets Charity Benefit to be Held in New York on Thursday, December 2, 2010.  Click Here for Invitation.

EMTA Announces 2009 Annual EM CDS Volumes Stood at US$1.191 Trillion.

Moody's Downgrades Portugal's Government Bond Rating from Aa2 to A1. 

July 12, 2010

Fitch Upgrades Argentina’s Long-Term Foreign Currency Issuer Default Rating from RD (Restricted Default) to B. 

July 7, 2010

EMTA's Second Quarter Bulletin is Now Available in our Bulletin Section.

July 6, 2010

Fitch Upgrades Ukraine’s Long-Term Foreign Currency Issuer Default Ratings (IDRs) from B- to B. 

July 5, 2010

Standard & Poor’s Upgrades Qatar’s Long-Term Sovereign Credit Rating from AA- to AA. 

July 2, 2010

Save the Date! Second Annual Brazilian Presidential Election Event hosted by BM&FBOVESPA in NYC on July 22, 2010. 

July 1, 2010

Argentina Announces Results of Tender Offer. 

June 29, 2010

EMTA's Holiday Schedule for EM Bond Trades for US Independence Day Holiday. 

June 28, 2010

EM Ltd. and NML Capital v. Argentina. 

June 25, 2010

Calculations for Payments on Uruguay VRR's Announced. 

June 16, 2010

Moody's Upgrades Chile's Government Bond Rating from A1 to Aa3. 

June 14, 2010

Moody’s Downgrades Greece’s Government Bond Rating from A3 to Ba1 (Non-Investment Grade). 

June 10, 2010

Standard & Poor’s Upgrades Estonia’s Long-Term Foreign Currency Sovereign Credit Rating from A- to A. 

June 9, 2010

Moody's Upgrades Panama's Government Bond Rating from Baa2 to Baa3 (Investment Grade). 

June 7, 2010

Argentina Issues New FX Regulations (In Spanish). 

June 4, 2010

EM Ltd. and NML Capital v. Argentina (FRBNY Amicus Curiae Brief). 

June 3, 2010

EMTA Summer Forum in London to be Held on Thursday, June 24, 2010. Click Here To Register.

June 2, 2010

EMTA Special Presentation: The Eurozone Dilemma - What Can Be Learned from Emerging Markets?

 

June 1, 2010

Argentina Announces Extension of the Expiration Date of the Submission Period and Change of Schedule. 

EMTA Special Presentation: Mexican Bankruptcy – Legislation, Practices, Trends and Cross-Border Issues: 

Moody's Upgrades Guatemala's Foreign Currency Government Bond Rating from Ba2 to Ba1. 

May 28, 2010 Fitch Downgrades Spain’s Long-Term Foreign Currency Issuer Default Rating from AAA- to AA+.

EM Ltd. and NML Capital v. Argentina: Defendant’s Appellate Brief and Central Bank’s Appellate Brief.

May 26, 2010

Moody's Upgrades Nicaragua's Foreign Currency Government Bond Rating from Caa1 to B3. 

May 25, 2010

Gulf Bond and Sukuk Association and EMTA Sign Memorandum of Understanding.

Standard & Poor’s Upgrades Panama’s Long-Term Foreign Currency Rating from BB+ to BBB- (Investment Grade). 

May 24, 2010

EMTA Special Presentation: The Eurozone Dilemma - What Can Be Learned from Emerging Markets? to be Held on June 2, 2010. Click Here to Register.

Argentina Announces Preliminary Results of Exchange Offer.
 

Various Retail Bondholders v. Argentina. 

May 21, 2010

EMTA Recommends Confirmation Forms for When-And-If-Issued Trading in Argentina’s New Bonds and GDP-Linked Securities: EMTA MemorandumConfirmationsBilateral Netting Agreement for Bonds and Bilateral Netting Agreement for GDP-Linked Securities.

ICMA Message on Sovereign Bond Markets. 

May 20, 2010

Issues Presented by the Cote d’Ivoire Debt Restructurings. 

EMTA Announces 1Q 2010 Debt Trading Stood at US$1.402 Trillion. 

May 19, 2010

Holiday Schedule for EM Bond Trades for US Memorial Day and UK Summer Bank Holidays.

Fitch Issues Angola a Long Term Foreign-Currency Issuer Default Rating of B+.

Standard & Poor’s Issues Angola a Long-Term Foreign Currency Rating of B+. 

May 18, 2010

Venezuela Published New Foreign Exchange Regulation (in Spanish).

May 2010 - Official Information About the Greek Financing Plan is Available at:

 

May 17, 2010

Standard & Poor’s Upgrades Ukraine’s Long-Term Foreign Currency Rating from B- to B. 

May 12, 2010

Argentina Announces Extension of Early Tender Deadline and Change of Schedule. 

Fiscal Agent Notice Regarding May 17, 2010 Payment on Nigeria Payment Adjustment Rights. 

May 11, 2010

EMTA Central America & Caribbean Forum to be Held on June 9, 2010. Click Here to Register.

EMTA Special Presentation: Mexican Bankruptcy – Legislation, Practices, Trends and Cross-Border Issues to be Held on June 1, 2010. Click Here to Register

May 10, 2010

European Financial Stabilisation Mechanism for Up to €500 Billion. 

May 9, 2010

IMF Executive Board Approves €30 Billion Stand-By Arrangement for Greece. 

April 27, 2010

Standard & Poor's Downgrades Greece's Long-Term Sovereign Credit Rating from BBB+ to BB+ (Non-Investment Grade). 

April 23, 2010

New York State Senate Committee on Banks Hearing on Argentina's Default.

Testimonies can be accessed by selecting each panelist’s name below:

 

April 22, 2010

Moody's Upgrades the Dominican Republic's Government Bond Rating from B2 to B1. 

April 21, 2010

Holiday Schedule for EM Bond Trades for UK May Day Bank Holiday. 

April 15, 2010

Argentina Announces Terms of Exchange Offer. Market Reaction from Credit SuisseGoldman SachsHSBC and The Royal Bank of Scotland 

April 14, 2010 

Various Bondholders Seek to Enjoin Argentina Exchange Offer.

Moody's Upgrades South Korea's Government Bond Rating from A2 to A1. 

April 13, 2010

"Five Former Central Bank Directors Discuss Economic Brazilian Economic Outlook at EMTA Sao Paulo Forum."

"Brazil: Growth, Balance of Payments and Inflation.” Keynote Address by Affonso Celso Pastore, former President of Central Bank of Brazil at EMTA Sao Paulo Forum. (English version).

Moody's Upgrades Lebanon's Government Bond Rating from B2 to B1. 

April 9, 2010

Fitch Downgrades Greece’s Long-Term Foreign Currency Issuer Default Rating from BBB+ to BBB-. 

April 7, 2010

EM Ltd. and NML Capital v. Argentina. 

April 6, 2010

EMTA's First Quarter Bulletin is Now Available in our Bulletin Section. 

April 1, 2010

Calculations for Payments on Venezuela Oil Obligations Announced. 

March 31, 2010

Good Friday Early Close.

Fitch Raises Lebanon’s Long-Term Foreign Currency Issuer Default Rating from B- to B. 

March 30, 2010

Revised Holiday Schedule for EM Bond Trades for Good Friday/Easter Monday Holidays. 

March 26, 2010

Carlos Pagni, Political Columnist, La Nacion and Miguel Broda, Estudio Miguel A.A. Broda to Speak at EMTA’s Third Annual Forum in Buenos Aires, Argentina on April 15, 2010. Click Here to Register.

March 25, 2010

Dubai World Announces Restructuring Proposal.  Market reaction from Fitch and Royal Bank of Scotland.

March 24, 2010

Holiday Schedule for EM Bond Trades for Good Friday/Easter Monday Holidays.

Argentina Shelf Registration.

Fitch Downgrades Portugal’s Long-Term Foreign Currency Issuer Default Rating from AA to AA-. 

Ivory Coast Investor Presentation. 

March 23, 2010 Fitch Upgrades Panama’s Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade). 

March 19, 2010

EMTA Recommends When-Issued Bond Confirm for When-Issued Trading in the New Ivory Coast Bond. 

March 17, 2010

BTA Bank Restructuring – Press Release on Revised Terms can be located at http://www.bta.kz/en/investor/ and Trade Finance Adjudication Press Release.

Holders of Côte d'Ivoire Brady Bonds Are Required to Confirm Their Eligibility to Participate in the Exchange Offer by Visiting www.dfking.com/RCI, or Contacting D.F. King, the Information Agent, at D. F. King (Europe) Ltd., One Ropemaker Street, London EC2Y 9AW, +44 (0) 20 7920 9700, RCI@dfking.com.

March 12, 2010

EMTA Spring Forum in NYC to be Held on April 7, 2010. Click Here to Register.

Standard & Poor’s Raises Indonesia’s  Long-Term Foreign-Currency Sovereign Rating from BB- to BB. 

March 11, 2010

Standard & Poor's Raises Ukraine's Foreign Currency Sovereign Credit Rating from CCC+ to B-. 

March 8, 2010

EMTA Announces 2009 Annual Emerging Markets Debt Trading Stood at US$4.445 Trillion. 

March 5, 2010

Dr. Affonso Pastore, former President of the Central Bank of Brazil, to Deliver Keynote Address at EMTA’s Third Annual Forum in São Paulo, Brazil on April 13, 2010. Click Here to Register.

March 2, 2010

Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.

Moody's Upgrades Jamaica's Foreign-Currency Government Bond Rating from Caa1 to B3. 

February 26, 2010

UK Debt Relief Legislation Update

 

February 23, 2010

EMTA Winter Forum – Sell Side Panel Slide on Key Economic Variables. 

February 19, 2010

"Capital Inflows: The Role of Capital Controls" IMF Staff Position Note. 

February 17, 2010

EMTA Forum in Dubai to be Held on March 10, 2010. Click Here to Register.

February 16, 2010

Fitch Upgrades Jamaica’s Long-Term Foreign Currency Issuer Default Rating from CCC to B-. 

February 4, 2010

NML Capital v. Argentina (UK Decision). 

February 3, 2010

Holiday Schedule for EM Bond Trades for US Presidents' Day Holiday.

Fitch Downgrades Jamaica’s Long-Term Foreign Currency Issuer Default Rating to RD, then Subsequently Upgrades to CCC. 

January 27, 2010

EMTA Winter Forum in London to be Held on February 23, 2010. Click Here to Register.

January 14, 2010

Plaintiffs’ Motions and Memorandum and Defendant’s Memorandum in EM Ltd. and NML Capital v. Argentina.

Standard & Poor's Revises Jamaica's Sovereign Credit Rating to "Select Default."

Moody's Statement on Jamaica Debt Exchange Constituting an Act of Default. 

January 13, 2010

Attachment Orders for EM Ltd. and NML Capital v. Argentina and Aurelius Capital Partners v. Argentina.

Restraining Order in EM Ltd. and NML Capital v. Argentina. 

January 8, 2010

2010 Holiday Schedule.

2010 Batch Settlement Schedule for Certain Class I Loan Assets.

Holiday Schedule for EM Bond Trades for Martin Luther King, Jr. Holiday.

Moody's Upgrades Turkey's Government Bond Rating from Ba3 to Ba2. 

January 4, 2010

EMTA Corporate Bond Forum in London to be Held on January 26, 2010. Click Here to Register.

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