问题如下：
Following the Maxx restructuring, the CDX HY notional will be closest to:
选项：
A.€396.0 million.
B.€398.8 million.
C.$400.0 million.
解释：
C is correct.
When an entity within an index defaults, that entity is removed from the index and settled as a single-name CDS based on its relative proportion in the index. To qualify as a credit event, the restructuring must be involuntary and forced on the borrower by the creditors. Although the Maxx restructuring would be considered a credit event (default) in the eurozone, in the United States, restructuring is not considered a credit event; therefore, the notional amount of $400 million will not change.
所以不管违约与否，30%都是一个干扰条件，用不上的是吧？
