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CDSBench
Commonwealth of Tessaly · Sovereign · Restructuring · 2026-01-10

Commonwealth of Tessaly 2026

publisheddevelopment split10 verified of 10 questions · 2 documents · 1 instruments

Commonwealth of Tessaly experienced a restructuring credit event in 2026. The record contains the terms of the GBP 2043 Notes, a Determinations Committee notice.

Timeline

What happened, when

  1. 2023-01-10Notes issued.
  2. 2026-01-10Credit event determined.
Instruments

Obligations in scope

InstrumentIssuerIdentifiersCurrencyMaturitySeniorityQuestions
GBP 2043 NotesCommonwealth of TessalyISIN XS1000095028GBP2043-01-10Senior10
Key question · #128 · 2 of 4 models missed
Which section of the record establishes the seniority (ranking) of the instrument? Answer with the section identifier (e…
Claude GPT Gemini Mastermind
Case Replays

Every benchmark question and how each model did

#QuestionLevelVerifiedClaudeGPTGeminiMastermind
120What is the maturity date of the instrument? Answer as YYYY-MM-DD.Fact extraction2043-01-10deterministically verified✓✓✓✓
121In which currency is the instrument denominated? Answer with the ISO currency code.Fact extractionGBPdeterministically verified✓✓✓✓
122Does the instrument's maturity satisfy a maximum maturity of 30 years measured from the cr…Rule applicationYesdeterministically verified✓✓✓✓
123Is the instrument denominated in a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD)?Rule applicationYesdeterministically verified✓✓✓✓
124Is the instrument subordinated?Rule applicationNodeterministically verified✓✓✓✓
125Is the instrument transferable without the consent of the Issuer?Document interpretationYesdeterministically verified✓✓✓✓
126Applying the standard Deliverable Obligation Characteristics (Not Subordinated, Specified …DeliverabilityIneligibledeterministically verified✓✓✓✓
127Is the issuer of the instrument the Reference Entity or a recognised successor of it accor…Rule applicationYesdeterministically verified✓✓✓✓
128Which section of the record establishes the seniority (ranking) of the instrument? Answer …Fact extractionDOC-1#S4deterministically verified✓✕✕✓
129Does the record contain enough evidence to reach a reliable deliverability conclusion with…UncertaintyYesdeterministically verified✓✓✓✓
Public documents

The record

  • DOC-1 GBP 2043 Notes — Terms and Conditions (excerpt)
  • DOC-2 Determinations Committee notice — Commonwealth of Tessaly
Related cases

Precedents by structure, not by keyword

  • Commonwealth of Tessaly 2025 (B)Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: contingent, sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • United Provinces of Kestrel 2026 (B)Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Kingdom of Vestmark 2026Ineligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.
  • Republic of Norland 2024Eligible
    Why relevant
    Same credit event type (RESTRUCTURING); Same entity type (SOVEREIGN); Has a verified deliverability outcome; Shared characteristics: sovereign; Similar documentation language
    Important difference
    Facts may still differ in the specific documents; do not copy the outcome.