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Markit and Creditex Announce Final Results of Washington Mutual Credit Event Auction

Creditex and Markit, in partnership with 14 major credit derivative dealers, have successfully conducted a Credit Event Auction to facilitate the settlement of credit derivative trades referencing Washington Mutual Inc., which filed for Chapter 11 bankruptcy protection on September 26, 2008.

The auction was conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Washington Mutual CDS Protocol. Creditex and Markit are the official administrators of Credit Event Auctions.