New Developments 2014

EMTA Special Seminar: Puerto Rico: Crisis and Opportunity to be Held in NYC on June 25, 2014. Click Here to Register. 

EM Benefit to be Held in London on October 9, 2014.  Click HERE for the Invitation.

Standard & Poor's Downgrades Argentina’s Long-Term Foreign Currency Rating from CCC+ to CCC-.

Supreme Court Decision in NML Capital, et al v. Argentina (Discovery Case) and Denial of Argentina's Cert Petition. 

U.S. Supreme Court Rejects Limits on Post-Judgment Discovery Into Foreign States’ Assets – Sullivan & Cromwell Memorandum. 

International Monetary Fund's Lending Framework and Sovereign Debt - Preliminary Considerations (June 2014).

Standard & Poor's Downgrades South Africa's Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

Moody's Upgrades Latvia's Government Bond Rating from Baa2 to Baa1.

EMTA Issues its Recommended FX and Currency Derivatives Market Practice No.  72 recommending a change effective June 30, 2014  in the Primary Settlement  Rate Option for ARS Non-Deliverable FX Forward and Currency Option Transactions.  
CLICK HERE for Market Practice No. 72 
CLICK HERE for New Template Terms and Related Documentation
CLICK HERE for Information on Amending Outstanding Contracts

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

EMTA Special Seminar: Russia/Ukraine: An Update to be Held in NYC on June 23, 2014. Click Here to Register. 

EMTA Special Seminar: Argentina: Update on Its Prospects for Supreme Court Review to be Held in NYC on June 19, 2014. Click Here to Register. 

EMTA Special Seminar: Assessing Public Debt Sustainability to be Held in NYC on July 10, 2014. Click Here to Register. 

Moody's Downgrades Barbados' Government Bond Rating from Ba3 to B3 (three notches).