New Developments New Developments
New Developments


In this area, EMTA posts current information regarding EMTA projects and other matters deemed of interest to participants in the Emerging Markets trading and investment community. To submit materials for posting to this area, please contact EMTA by e-mail at sortiz@emta.org. EMTA generally disclaims responsibility for the content of materials received for posting from outside sources.

Current | 2015 | 2014 | 201320122011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 

Argentina Litigation 

August 17, 2016
Holiday Schedule for EM Bond Trades for UK Summer Bank and US Labor Day Holidays.

August 11, 2016
Moody’s Downgrades El Salvador’s Issuer Rating from Ba3 to B1.

August 8, 2016
Congo Flat Market Practice Recommendation Retracted.
  
Standard & Poor’s Upgrades South Korea’s Long-Term Sovereign Credit Rating from AA- to AA.  

August 5, 2016
New Market Practice for Congo Bonds

Moody's Assigns Cameroon a Foreign-Currency Issuer Rating of B2. 

August 4, 2016
EMTA Announces 2Q 2016 EM CDS Volume Stood at US$287 Billion. 

August 3, 2016
EMTA Forum on Sub-Saharan Africa in London to be Held on Wednesday, September 21, 2016. Click Here to Register.

August 1, 2016
Fitch Downgrades Bahrain's Long-Term Foreign Currency Issuer Default Rating from BBB- to BB+. 

Moody’s Downgrades Republic of Congo’s Issuer Rating from B2 to B3. 

July 27, 2016
EMTA Fall Forum in New York to be Held on Monday, September 12, 2016. Click Here to Register

July 20, 2016
Standard & Poor’s Downgrades Turkey’s Long-Term Foreign Currency Rating from BB+ to BB.

July 14, 2016
EM Charity Benefit in New York Scheduled for December 1, 2016 – Tickets Now on Sale.  Please CLICK HERE for more information.

July 13, 2016
EM Benefit to be Held in London on September 30, 2016. Please contact embl@twentytwoevents.com for further information and to book a table.
 
July 8, 2016
Moody’s Downgrades Mozambique’s Issuer Debt Rating from Caa1 to Caa3. 

July 5, 2016
EMTA's Second Quarter Bulletin is Now Available in our Bulletin Section.

June 29, 2016
EMTA Special Seminar: Iceland’s Selective Default?   

June 23, 2016
Calculations for Payments on Uruguay VRR's Announced.

June 21, 2016

EMTA Special Seminar: Iceland's Selective Default? to be held in New York, on June 29, 2016. Click Here to Register.

June 16, 2016
EMTA Announces 1Q 2016 EM Debt Trading Stood at US$1.299 Trillion. 

Bank Negara Malaysia Announces New MYR/USD Methodology.

June 15, 2016
Holiday Schedule for EM Bond Trades for US Independence Day Holiday. 

Supreme Court Holds Puerto Rico Recovery Act Preempted by Bankruptcy Code - Schulte Roth & Zabel Memorandum. 

June 14, 2016
EMTA Announces 1Q 2016 EM CDS Volume Stood at US$363 Billion. 

June 13, 2016
EMTA issues its Recommended FX and Currency Derivatives Market Practice No. 77 recommending, effective July 18, 2016, new standard terms for RUB Non-Deliverable FX Forward and Currency Option Transactions.

CLICK HERE to view the Market Practice.
CLICK HERE to view the Implementation Protocol and related documentation.

June 2, 2016
EMTA Special Seminar: The Peru Land Reform Bond Case 

May 24, 2016
Moody's Upgrades Honduras' Government Bond Rating from B3 to B2.

May 20, 2016
Fitch Upgrades Hungary’s Long –Term Foreign Currency Issuer Default Rating from BB+ to BBB.

May 17, 2016

EMTA Summer Forum in London to be Held on June 21, 2016. Click Here to Register.

May 16, 2016
Fiscal Agent Notice Regarding May 16, 2016 Payment on Nigeria Payment Adjustment Rights. 

EMTA's 25th Anniversary Panels: Emerging Markets - Then and Now.

May 14, 2016
Moody's Downgrades Bahrain's Government Issuer Rating from Ba1 to Ba2. 

Moody's Downgrades Oman's Long-Term Issuer Rating from A3 to Baa1. 

Moody's Downgrades Saudi Arabia's Long-Term Issuer Rating from Aa3 to A1.

May 11, 2016

EMTA Special Seminar: The Peru Land Reform Bond Case, to be held in New York on June 2, 2016.  Click Here to Register

May 10, 2016
Fitch Upgrades Argentina's Long-Term Foreign Currency Issuer Default Rating from RD to B. 

May 6, 2016
Standard & Poor’s Upgrades Argentina’s Long-Term Foreign Currency Rating from SD to B-. 

May 5, 2016
Holiday Schedule for EM Bond Trades for US Memorial Day/UK Spring Bank Holidays. 

May 3, 2016
BNY Mellon Notice Regarding Argentina Bond Payment Date of May 5. 

April 29, 2016
Fitch Downgrades Mozambique’s Long-Term Foreign Currency Issuer Default Rating from B to CCC.
  
Moody's Downgrades Nigeria's Long-Term Issuer Rating from Ba3 to B1.   

Moody's Downgrades Gabon's Government Issuer Rating from Ba3 to B1.
  
Moody's Downgrades Republic of Congo's Government Issuer Rating from B1 to B2.
  
Moody's Downgrades Angola's Long-Term Issuer Rating from Ba2 to B1.

April 28, 2016
EMTA Spring Forum in NYC to be Held on May 19, 2016. Click Here to Register.

April 26, 2016
New Market Practice for Argentine Bonds.
 
BNY Mellon Notice Regarding Argentina Bond Record Date of April 29.

April 25, 2016
EMTA Special Seminar on China, to be Held in Hong Kong, on May 26, 2016. Click Here to Register.

Moody's Downgrades Papua New Guinea’s Foreign Currency Issuer Rating from B1 to B2.  

April 22, 2016
EMTA Special Seminar on China, to be Held in Singapore, on May 24, 2016. Click Here to Register.
 
Moody’s Downgrades Kazakhstan’s Issuer Rating from Baa2 to Baa3. 

April 21, 2016
EMTA Forum in Zurich to be Held on May 12, 2016. Click Here to Register

OFAC Updates Cuba-Related FAQs – Cadwalader, Wickersham & Taft Memo. 

April 20, 2016 
Holiday Schedule for EM Bond Trades for UK May Day Bank Holiday.

April 19, 2016
Moody’s Downgrades Zambia’s Long-Term Issuer Rating from B3 to B2.

April 18, 2016
EMTA's 25th Anniversary Panels: Emerging Markets - Then and Now, to be Held in London on May 16, 2016. Click Here to Register.

April 15, 2016
EMTA's First Quarter Bulletin is Now Available in our Bulletin Section.

Calculations for Payments on Venezuela Oil Obligations Announced. 

April 13, 2016
EMTA Forum in Frankfurt to be Held on May 10, 2016. Click Here to Register.

April 7, 2016
EMTA Forum in Buenos Aires to be Held on April 28, 2016. Click Here to Register.

April 6, 2016
EMTA Forum in São Paulo to be Held on April 26, 2016. Click Here to Register.

April 5, 2016
United States Ratchets Up North Korean Sanctions while Continuing to Ease Cuban Sanctions – Cleary Gottlieb Steen & Hamilton Memo.

April 1, 2016
Moody's Downgrades Barbados' Government Bond Rating from B3 to Caa1.

March 31, 2016
Warrant Record Date of March 31 and Payment Date of April 15 for Venezuela Oil Obligations.  Trades are "Ex-Dividend" on March 29.

March 29, 2016
EMTA Announces 4Q 2015 EM Debt Trading Stood at US$1.152 Trillion. 

March 22, 2016
EMTA Announces 4Q 2015 EM CDS Volume Stood at US$254 Billion. 

EMTA Forum in Boston to be Held on April 19, 2016. Click Here to Register.

March 18, 2016
Moody's Downgrades Armenia's Long-Term Issuer Rating from Ba3 to B1.

March 16, 2016

Holiday Schedule for EM Bond Trades for Good Friday/Easter Monday Holidays.  

March 15, 2016
Moody's Downgrades Mozambique's Issuer Rating from B2 to B3.

March 8, 2016
EMTA Special Seminar: Economic and Political Update for Venezuela to be Held in New York, on April 12, 2016. Click Here to Register

March 7, 2016
EMTA Investor Forum in Los Angeles to be Held on April 7, 2016. Click Here to Register.

February 26, 2016
Moody's Downgrades Oman's Long-Term Government Issuer Rating from A1 to A3.

February 23, 2016
Moody’s Downgrades Brazil’s Issuer Bond Rating from Baa3 to Ba2.

Iran Sanctions Applicable to EU-Based Companies – Dechert Memo.

February 18, 2016
Instructions for Argentine Bondholders to Accept the Settlement Proposal. 

EMTA Special Seminar: Puerto Rico Debt Crisis and Its Significance for Other Municipal Markets

February 17, 2016
Standard & Poor’s Downgrades Kazakhstan’s Long-Term Foreign Currency Sovereign Credit Rating from BBB to BBB-.

Standard & Poor’s Downgrades Brazil’s Long-Term Foreign Currency Sovereign Credit Rating from BB+ to BB.

Standard & Poor’s Downgrades Bahrain’s Long-Term Foreign Currency Sovereign Credit Rating from BBB- to BB.

Standard & Poor’s Downgrades Oman’s Long-Term Foreign Currency Sovereign Credit Rating from BBB+ to BBB-.

Standard & Poor’s Downgrades Saudi Arabia’s Long-Term Foreign Currency Sovereign Credit Rating from A+ to A-.

February 16, 2016
The Bank of Canada Announces Changes to its Publication of Foreign Exchange Rates.
 
February 12, 2016
Standard & Poor’s Downgrades Angola’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

February 8, 2016
EMTA Forum in Dubai to be Held on February 29, 2016. Click Here to Register.

February 5, 2016
Statement of Daniel A. Pollack, Special Master In Argentina Debt Litigation. 

February 3, 2016
Holiday Schedule for EM Bond Trades for US Presidents' Day Holiday. 

January 29, 2016
Standard & Poor’s Downgrades Azerbaijan’s Long-Term Foreign Currency Sovereign Credit Rating from BBB- to BB+.

Standard & Poor’s Downgrades Gabon’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

EMTA Special Seminar: Arbitration in the Emerging Markets.

January 28, 2016
U.S. Continues Incremental Easing of Cuban Sanctions - Cleary Gottlieb Steen & Hamilton Memo.
 
January 27, 2016

US Commerce and Treasury Further Ease Restrictions Against Cuba - Dechert Memo. 
 
January 25, 2016
The Foreign Exchange Committee today released the results of its twenty-third Survey of North American Foreign Exchange Volume.
The announcement to this survey can be found on the Foreign Exchange Committee's website at http://newyorkfed.org/fxc/.
Results of this survey, together with the list of reporting dealers and explanatory notes, are available online at www.newyorkfed.org/fxc/volumesurvey.

January 18, 2016
Standard & Poor’s Downgrades Poland’s Long-Term Foreign-Currency Sovereign Credit Rating  from A- to BBB+.

Implementation of Sanctions Relief for Iran - Cleary Gottlieb Memo.

EMTA Winter Forum in London to be Held on February 16, 2016. Click Here to Register.

January 16, 2016
Implementation Day: Iran Sanctions Eased Today – Dechert Memo.

January 15, 2016
EMTA Special Seminar: A New Argentina?, to be held in New York on February 3, 2016. Click Here to Register. 

January 13, 2016
EMTA Special Seminar: Puerto Rico Debt Crisis and Its Significance for Other Municipal Markets in New York on February 18, 2016. Click Here to Register. 

Statement by the Ministry of the Economy of Argentina Regarding a Proposal to Investors. 

January 11, 2016
EMTA Special Seminar: A New Argentina?

January 6, 2016
Holiday Schedule for EM Bond Trades for Martin Luther King, Jr. Holiday.  

January 5, 2016
Iran Sanctions: Early Easing of Sanctions Increasingly Possible – Dechert Memo. 

December 21, 2015
2016 Holiday Schedule. 

December 18, 2015
Calculations for Payments on Uruguay VRR's Announced.

Moody’s Upgrades South Korea’s Issuer Bond Rating from Aa3 to Aa2.

December 17, 2015
S&P and Fitch Downgrade Brazil to One Notch Below Investment Grade.

Market Relief as US Fed Finally Raises Fed Funds Rate by .25%.

December 16, 2015
EMTA Special Seminar: Arbitration in the Emerging Markets in London on January 29, 2016. Click Here to Register.  

Fitch Downgrades Brazil’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BB+. 

December 14, 2015
EMTA Announces 3Q 2015 EM Debt Trading Stood at $1.137 Trillion.

December 9, 2015
Statement of Daniel A. Pollack, Special Master in Argentina Debt Litigation. 

Holiday Schedule for EM Bond Trades for Christmas, Boxing Day and New Year's Holidays.  

December 8, 2015
EMTA’s Fifth Annual Miami Forum to be held on January 19, 2016. Click Here to Register.

EMTA Special Seminar: Cuba - The New Frontier?

December 7, 2015
EMTA's 25th Anniversary Panels: Emerging Markets - Then and Now.

EMTA Special Seminar: A New Argentina?, to be held in London on January 11, 2016. Click Here to Register. 

December 4, 2015
Proposed Final Legislation of the European Parliament and the Council on Indices Used as Benchmarks in Financial Instruments and Financial Contracts.

Fitch Downgrades South Africa to 'BBB-'; Outlook Stable. 

December 1, 2015
EMTA's Fourth Quarter Bulletin in Now Available in our Bulletin Section.

November 30, 2015
Bank of England Workshop on GDP Linked Bonds.  

Click Here to View Items Available at EM Charity Benefit NYC for New Chinese Auction.

 November 24, 2015
EMTA Publishes Recommended FX and Currency Derivatives Market Practice No. 76  to address  certain practices in monitoring non-deliverable barrier and binary options. Members only may CLICK HERE to view this Market Practice.

 



Current | 2015 | 2014 | 201320122011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000