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Bond dealers, investment firms to rule on Sharp's credit swaps

Case puts spotlight on when credit-default contracts in Japan can be called upon to pay out

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Bond dealers and investment firms will rule on whether buyers of derivatives protecting against a default by Sharp Corp will receive payouts after the electronics maker amended loan terms, putting attention again on how Wall Street-born swap agreements work in Japan.

New York

BOND dealers and investment firms will rule on whether buyers of derivatives protecting against a default by Sharp Corp will receive payouts after the electronics maker amended loan terms, putting attention again on how Wall Street-born swap agreements work in Japan.

The

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