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.orgEMTA generally disclaims responsibility for the content of materials received for posting from outside sources.

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Argentina Litigation 

April 23, 2018
EMTA Spring Forum in London to be Held on May 24, 2018. Click Here to Register.

Iran Sanctions – JCPOA in the Balance – Dechert Memorandum.

April 20, 2018
EMTA Special Seminar: Russia Sanctions Update in New York to be Held on May 2, 2018. Click Here to Register.

April 18, 2018
New ISO Code Assigned to Venezuela's Currency.

April 17, 2018
EMTA Forum in Buenos Aires to be Held on May 10, 2018. Click Here to Register. 

April 16, 2018
EMTA Forum in São Paulo to be Held on May 8, 2018. Click Here to Register. 

Failure to Pay on Venezuela Oil Obligations Announced.  Effective Warrant Record Date of March 30 and Payment Date of April 16 for Venezuela Oil Obligations.  Trades are "Ex-Dividend" on March 29.

April 13, 2018
New Russia Sanctions: Key Takeaways – Morgan Lewis & Bockius Memorandum.

April 11, 2018

EMTA Special Seminar – Venezuela: The Path Forward.

April 10, 2018
U.S. Sanctions Additional Russian Targets - Cleary Gottlieb Memorandum.

In a Major Move, US Sanctions Key Russian Oligarchs, Officials, and Related Entities - Dechert Memorandum.

Update on PDVSA US Litigation Trust v. Lukoil Pan Americas, et al – Cleary Gottlieb Memorandum.

April 6, 2018
US Treasury Press Release: Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity.

US Imposes New Russia Sanctions Targeting Oligarchs, Senior Government Officials and Entities - Skadden, Arps, Slate, Meagher & Flom Memorandum.

April 2, 2018

EMTA Special Seminar: Recent Developments in Emerging Markets Arbitrations in New York to be Held on May 14, 2018.  Click Here to Register.

March 29, 2018
EMTA Issues FX and Currency Derivatives Market Practice No 82 on Revisions to Philippine Peso Rate Source Definition. CLICK HERE to view Market Practice No. 82.

March 26, 2018
EMTA Announces 2017 EM Debt Trading Stood at US$4.910 Trillion.

March 22, 2018
EMTA Forum in Los Angeles to be Held on May 17, 2018.  Click Here to Register.

March 20, 2018
Mozambique Presentation to Creditors.

March 19, 2018
EMTA's First Quarter Bulletin is Now Available in our Bulletin Section.

March 16, 2018
Bankers Association of the Philippines Publishes Guidelines for the Settlement and Publication of the USD/PHP Spot  Effective April 1, 2018

March 7, 2018
EMTA Forum in Frankfurt to be Held on April 26, 2018.  Click Here to Register.

March 6, 2018

EMTA Special Seminar – Venezuela: The Path Forward to be held in London on April 11, 2018. Click Here to Register. 

March 1, 2018
EMTA Forum in Boston to be Held on April 5, 2018.  Click Here to Register. 

EMTA Announces 2017 EM CDS Volume Stood at US$1.298 Trillion. 

Fitch Downgrades Bahrain's Long-Term Foreign-Currency Issuer Default Rating from BB+ to BB-.
  
February 23, 2018
Fitch Downgrades Brazil's Long-Term Foreign Currency Issuer Default Rating from BB to BB-.

February 22, 2018
Mozambique Ministry of Economy and Finance Press Release Relating to a Presentation in London on Debt Restructuring Proposals. 

February 12, 2018
EMTA Forum in Dubai to be Held on March 14, 2018. Click Here to Register. 

February 10, 2018
Market Practice Recommended for PDVSA Bonds.


February 8, 2018
Bond Market Practice Recommended for PDVSA Bonds.

February 7, 2018
Holiday Schedule for EM Bond Trades for US Presidents' Day Holiday. 

January 31, 2018
EMTA Winter Forum in London to be Held on February 20, 2018. Click Here to Register. 

January 30, 2018
Trump Administration Releases List of Russian Political Figures and Oligarchs to Congress, Decision on Defense/Intelligence Sector Sanctions  - Dechert Memorandum.  

January 17, 2018
Antonio Ortiz-Mena, former member, Mexican NAFTA Negotiation Office, to Deliver Keynote at EMTA Special Seminar – Outlook for Mexico to be held in New York on February 12, 2018. Click Here to Register. 

January 15, 2018
EMTA has today published its Recommended FX and Currency Derivatives Market Practice No 81 on New Terms, effective January 22, 2018 for BRL / USD Non-Deliverable FX Forward and Currency Option Transactions. EMTA Members may CLICK HERE to view Market Practice No. 81.

January 12, 2018
Calculations for Payments on Uruguay VRR's Announced. 

Venezuela – Navigating the Storm – Clifford Chance Memorandum. 

January 11, 2018
S&P Global Ratings Downgrades Brazil’s Long-Term Foreign Currency Sovereign Credit Rating from BB to BB-.

January 10, 2018

EMTA Special Seminar – Outlook for Turkey in an Unstable Geopolitical World to be held in London on February 6, 2018. Click Here to Register. 

January 8, 2018
Republic of Venezuela Bond Market Practice Recommended. 

January 3, 2018
FMDQ Extends Proposed NiFEX Cessation to December 31, 2018 

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

January 1, 2018
EMTA Publishes New Template Terms with Revisions to Disruption Fallbacks.


December 21, 2017

Record and Payment Dates on Defaulted Interest on Venezuela Oil Obligations Announced.

December 20, 2017
EMTA Announces 3Q 2017 EM Debt Trading Volume Stood at US$1.299 Trillion.

December 15, 2017

EMTA Special Seminar – Venezuela: The Path Forward to be held in New York on January 9, 2018. Click Here to Register. 

Nigerian FMDQ Publishes Notice of Proposed Cessation of NiFEX  rate. 

December 11, 2017
S&P Global Ratings Downgrades Colombia’s Long-Term Foreign-Currency Rating from BBB to BBB-.

Fitch Downgrades Oman's Long-Term Foreign-Currency Issuer Default Rating from BBB to BBB-. 

December 7, 2017
EMTA Annual Meeting: Forecasts of Key Economic Variables for 2018 from Sell-Side Panel. 

EMTA's Fourth Quarter Bulletin is Now Available in our Bulletin Section

December 6, 2017
Holiday Schedule for EM Bond Trades for Christmas, Boxing Day and New Year's Holidays. 

EMTA Special Seminar on MENA/GCC Markets to be held in London on January 31, 2018. Click Here to Register. 

December 5, 2017 
2018 Holiday Schedule 

December 4, 2017
Ruth de Krivoy, former Venezuelan Central Bank President, to Deliver Keynote at EMTA Forum in Miami on January 16, 2018. Click Here to Register.

November 29, 2017
EMTA Announces 3Q 2017 EM CDS Volume Stood at US$359 Billion. 

EMTA Corporate Bond Forum, Sponsored by UBS to be Held in London on January 24, 2018  Click Here to Register.

November 19, 2017
EMTA and ISDA Publish Amended and Restated Annex A to the 1998 FX and Currency Option Definitions and a Transitional Supplement.
Effective January 1, 2018, EMTA will Terminate the EMTA Fallback Surveys. 

November 16, 2017
ISDA Credit Determinations Committee Determines Credit Event on PDVSA. 
ISDA Credit Determinations Committee Determines Credit Event on Venezuela. 

November 15, 2017
Venezuela Market Practice Recommended.

November 14, 2017
Fitch Downgrades Venezuela’s Long-Term Foreign Currency Rating to RD (Restricted Default). 

S&P Global Ratings Downgrades its Corporate Credit Rating on PDVSA from CC to SD. 

November 13, 2017
Fitch Downgrades PDVSA’s Issuer Default Rating to RD (Restricted Default).
 
S&P Global Ratings Downgrades Venezuela to SD (Select Default). 
 
 

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