Griesa authorizes JP Morgan to process one-off payment

US District Judge Thomas Griesa has enabled JP Morgan to process a one-off payment on US dollar-denominated bonds issued under Argentine law.

The judge granted yesterday a temporary stay to the financial entity, which allows JP Morgan to process a US$5 million payment that was due on September 30.

JP Morgan follows Citigroup on the matter, as the bank was granted to process a one-off payment on bonds issued under Argentine law last Friday, during a hearing with Griesa in New York.

Source: Buenos Aires Herald