Template:Nutshell Credit Derivatives 2.5: Difference between revisions
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'''Section {{cddprov|2.5}} {{cddprov|Reference Obligation}}'''. “'''{{cddprov|Reference Obligation}}'''” means any {{cddprov|Standard Reference Obligation}} unless:<br> | '''Section {{cddprov|2.5}} {{cddprov|Reference Obligation}}'''. “'''{{cddprov|Reference Obligation}}'''” means any {{cddprov|Standard Reference Obligation}} unless:<br> | ||
:(a) “ | :(a) “{{cddprov|Standard Reference Obligation}}” does not apply, in which case it will be any {{cddprov|Non-Standard Reference Obligation}}; or<br> | ||
:(b) “{{cddprov|Standard Reference Obligation}}” applies but there is there is no {{cddprov|Standard Reference Obligation}} and a {{cddprov|Non-Standard Reference Obligation}} is specified, in which case it will be the {{cddprov|Non-Standard Reference Obligation}} until the first publication date of the {{cddprov|Standard Reference Obligation}}, and thereafter the {{cddprov|Standard Reference Obligation}}, as long as the published {{cddprov|Standard Reference Obligation}} would have been an eligible {{cddprov|Substitute Reference Obligation}}.<br> | :(b) “{{cddprov|Standard Reference Obligation}}” applies but there is there is no {{cddprov|Standard Reference Obligation}} and a {{cddprov|Non-Standard Reference Obligation}} is specified, in which case it will be the {{cddprov|Non-Standard Reference Obligation}} until the first publication date of the {{cddprov|Standard Reference Obligation}}, and thereafter the {{cddprov|Standard Reference Obligation}}, as long as the published {{cddprov|Standard Reference Obligation}} would have been an eligible {{cddprov|Substitute Reference Obligation}}.<br> | ||
Latest revision as of 16:59, 24 April 2023
Section 2.5 Reference Obligation. “Reference Obligation” means any Standard Reference Obligation unless:
- (a) “Standard Reference Obligation” does not apply, in which case it will be any Non-Standard Reference Obligation; or
- (b) “Standard Reference Obligation” applies but there is there is no Standard Reference Obligation and a Non-Standard Reference Obligation is specified, in which case it will be the Non-Standard Reference Obligation until the first publication date of the Standard Reference Obligation, and thereafter the Standard Reference Obligation, as long as the published Standard Reference Obligation would have been an eligible Substitute Reference Obligation.