Determination of Succession Event with regard to reference entity of eligible CDS transaction
2012/11/05
We hereby announce the following determination which has been made by ISDA Determination Committee as of 2nd November, 2012. According to the Article 84-2 of the JSCC CDS Clearing Business Rules, this determination made by ISDA Determination Committee shall assume to be the determination made by JSCC.
Note
1. Matters relating to the cause that consists Succession Event
Succession Event has occurred as of 1st October, 2012 for Sumitomo Metal Industries, Ltd.
2. Matters relating to the Successor
NIPPON STEEL CORPORATION will be the sole Successor.
End of Note