This can lead to a credit event triggering a default scenario like in 2010.

A credit event occurs when a person or organization defaults on a significant transaction.

This can make it difficult to track down the person holding the seller swap in a credit event.

This is a credit event but would reduce Greece's debt significantly.

What is critical here is not to put the threat of a credit event above everything else.

The benefits of getting this right far exceed the cost of a credit event.

Information is reported twice, either positive or negative credit events.

Having 5% inflation to get rid of your debt should be regarded as a credit event.

Also, in the past, credit reports only contained negative credit events, not positive information.

The definition of the relevant credit events must be negotiated by the parties to the note.