Photo courtesy of: Melinda Caughill Time to enroll in Medicare? Social Security says, “Use our online application to register for health insurance. It takes less than 10 minutes. It’s true if (and that’s a big IF) you have a “my social security account. Previously, you could go to the Social Security website to enroll in …

You might think that closing a credit card or other account might automatically remove it from your credit report. But while closing an account stops you from using it, it doesn’t mean it disappears from your credit history. Credit reports include information for open and closed accounts. As long as they remain on your credit …

In this article: Before you apply for a mortgage, you’d probably like to know how to get a credit report. It’s smart, because when applying for a mortgage or other loan, it’s best to know in advance what lenders will see. There are several ways to obtain a credit report: Request your free credit report …

Checking your credit report regularly is an essential part of maintaining your financial health. It gives you a chance to focus on the debts you still owe and alerts you to signs of fraud or identity theft. But the actual process of extracting your credit history isn’t entirely straightforward. Here’s how to check your credit …

What is a credit event? A credit event is a sudden, tangible (negative) change in a borrower’s ability to meet their payment obligations, which triggers a settlement under a credit default swap (CDS). A CDS is a credit derivative investment product with a contract between two parties. In a credit default swap, the buyer makes …

Posted on March 17, 2017 Looking back, Dr. DeLisle Worrell might have known what was going to happen and wanted to have his take on the matter. The last paragraphs of the bank’s short, blunt review of the performance of Barbados’ economy in 2016 ended with a recitation of a few principles from seemingly bland …

The ISDA Determination Committee met on Friday. The 15 participating members unanimously agreed that the recent debt swap of paper company Norske Skog qualifies for a restructuring credit event. The committee also agreed to hold a credit event auction to determine the settlement price of credit default swaps referencing Norske Skog. ISDA initially met at …

The continuing difficulties of applying credit default swaps have recently been highlighted by the experience of a failed Portuguese bank, Banco Espirito Santo (“BES”) and its successor “good bank” Novo Bank. Despite the fact that the 2014 ISDA Credit Derivative Definitions (the “Definitions”) included a new credit event for public bailouts, the ISDA Determination Committee …

The path to resolving credit disputes is not always easy. Two-thirds of our survey respondents who found errors attempted to correct them. More than half of them told us that they encountered difficulties, including being ignored, rejected or subjected to outright lies. Leonard Bennett, a consumer law attorney at Newport News, Va., Says he’s not …

There are all sorts of errors that can creep into your credit reports – an account that isn’t even yours, a “late payment” that was actually made on time, a paid debt that’s still listed as in recoveries. It can mean trouble. Your credit reports are used to calculate your all-important credit score, which determines …

Tony / Flickr Derivatives Intelligence (part of Institutional Investor) reports that the International Swaps and Derivatives Association has determined that Greece has triggered a credit event in connection with its debt restructuring. This would trigger the payment of credit default swaps – insurance contracts on Greek bonds issued under Greek law. But we don’t know …

Greek Prime Minister Lucas Papademos (L) talks to Finance Minister Evangelos Venizelos before a cabinet meeting at the parliament in Athens March 9, 2012. REUTERS/Yiorgos Karahalis NEW YORK (Reuters) – Greece has triggered the payment of default insurance contracts using legislation that imposes losses on all private creditors, the International Swaps and Derivatives Association said …

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. The last of Finland theoretical agreement get cash collateral from him in Greece’s bailout – well, maybe Finland change the case after all. This is after other lenders complained about special treatment. (Some Darth Vader quote comes …

CHICAGO, February 22, 2011 / PRNewswire / – The Chicago Board Options Exchange (CBOE) announced today that the Tuesday March 8, the Exchange will begin trading in newly designed Credit Event Binary Options (CEBO) contracts. (Logo: http://photos.prnewswire.com/prnh/20100707/CBOOLOGO-a) Credit event binary options contracts allow investors to express an opinion that a company will experience a “credit …