Dan Alderson

Dan Alderson, Editor at 9fin and CDS expert, dives deep into the complexities surrounding Ardagh's CDS and the contentious debate on deliverable obligations. He explains Arini's provocative argument that equitised SUNs should carry a zero outstanding principal balance. The discussion takes a twist with counterarguments from Tresidor and Laurion, highlighting the legal intricacies of binding restructuring. Alderson further analyzes the Determinations Committee's split decision and its implications for the future of credit default swaps and market predictability.