Channel Capital will terminate a series of credit-default swap (CDS) trades with an undisclosed counterparty, The Wall Street Journal reports. The U.K. insurance-like vehicle will get an unspecified termination payment as a result of its counterparty exiting the trades.

The move by the London-based firm will not alter its debt or counterparty ratings. Channel Capital is incorporated in Ireland and manages around $10 billion of credit-related transactions.

Click here for the story from The Wall Street Journal.