Pacific Gas and Electric Company · Bankruptcy · 2019 · 2.95% Senior Notes due March 1, 2026
Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
Verified answer
Basis. Payable in USD, which is a Specified Currency (USD, EUR, JPY, GBP, CHF, CAD).
Source clauses
Twenty-Seventh Supplemental Indenture of 2016-03-01
How it was checked · 2 checks
- Rule re-applied. The Specified Currency 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 currency appears verbatim in the cited section.
Specified Currency
The obligation must be payable in a Specified Currency (by default the Standard Specified Currencies: the lawful currencies of Canada, Japan, Switzerland, the United Kingdom and the United States, and the euro).
These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.
Instrument: 2.95% Senior Notes due March 1, 2026
Source documents
The case record. Sections behind the verified answer are marked.
- DOC-1 PG&E Corporation / Pacific Gas and Electric Company 8-K filed 2019-01-29, Item 1.03 Bankruptcy (and Item 2.04), petition 2019-01-29excerpts
- DOC-2 Twenty-Seventh Supplemental Indenture dated March 1, 2016, 2.95% Senior Notes due March 1, 2026 (EX-4.1)excerpts
- DOC-3 Amended and Restated Indenture dated April 22, 2005, Pacific Gas and Electric Company (base indenture, EX-4.1 to the Q1 2005 Form 10-Q)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
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
- #5 Does the instrument meet the Not Bearer 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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