Diamond Offshore Drilling, Inc. · Bankruptcy · 2020 · 3.45% Senior Notes due 2023
Does the instrument meet the Not Bearer characteristic?
Verified answer
Basis. The obligation is in registered form, not bearer form.
Source clauses
Eighth Supplemental Indenture of 2013-11-05
How it was checked · 2 checks
- Rule re-applied. The Not Bearer rule (v1.0), re-applied to the stored facts, gives the same result as the Mastermind v3 run of 2026-09-29.
- Quote verified. The clause quoted for the form of the notes appears verbatim in the cited sections.
Not Bearer
The obligation must not be a bearer instrument, unless interests in it are cleared via Euroclear, Clearstream or another internationally recognised clearing system.
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 3.45% Senior Notes due 2023
Source documents
The case record. Sections behind the verified answer are marked.
- DOC-1 Diamond Offshore 8-K filed 2020-04-27, Item 1.03 Bankruptcy, petition 2020-04-26excerpts
- DOC-2 Eighth Supplemental Indenture dated November 5, 2013, 3.45% Senior Notes due 2023 and 4.875% Senior Notes due 2043 (EX-4.2)excerpts
Related questions and cases
Same case
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?Yes
- #7 Does the instrument meet the Transferable characteristic?Yes
- #8 Is the issuer of the instrument the Reference Entity?Yes
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