2014 ISDA Credit Derivatives Definitions: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
| Line 39: | Line 39: | ||
==Article 14 Non-Standard {{cddprov|Event Determination Date}}And Non-Standard Exercise Cutoff Date== | ==Article 14 Non-Standard {{cddprov|Event Determination Date}}And Non-Standard Exercise Cutoff Date== | ||
'''Section {{cddprov|14.1}} Non | '''Section {{cddprov|14.1}} Non-Standard {{cddprov|Event Determination Date}}'''. “'''{{cddprov|Non-Standard Event Determination Date}}'''” means with respect to a {{cddprov|Credit Event}} and a {{cddprov|Credit Derivative Transaction}} to which Section {{cddprov|1.16}}(a) (Event Determination Date) does not apply:<br> | ||
:(a) subject to Section {{cddprov|14.1}}(b), the Notice {{cddprov|Delivery Date}}, if the {{cddprov|Notice Delivery Date}} occurs during either the {{cddprov|Notice Delivery Period}} or the {{cddprov|Post Dismissal Additional Period}}, provided that neither (i) a {{cddprov|DC Credit Event Announcement}}has occurred nor (ii) a {{cddprov|DC No Credit Event Announcement}} has occurred, in each case, with respect to the {{cddprov|Credit Event}} specified in the {{cddprov|Credit Event Notice}}; or<br> | :(a) subject to Section {{cddprov|14.1}}(b), the Notice {{cddprov|Delivery Date}}, if the {{cddprov|Notice Delivery Date}} occurs during either the {{cddprov|Notice Delivery Period}} or the {{cddprov|Post Dismissal Additional Period}}, provided that neither (i) a {{cddprov|DC Credit Event Announcement}}has occurred nor (ii) a {{cddprov|DC No Credit Event Announcement}} has occurred, in each case, with respect to the {{cddprov|Credit Event}} specified in the {{cddprov|Credit Event Notice}}; or<br> | ||
:(b) notwithstanding Section {{cddprov|14.1}}(a), if a {{cddprov|DC Credit Event Announcement}}has occurred and the {{cddprov|Credit Event Resolution Request Date}} has occurred on or prior to the last day of the {{cddprov|Notice Delivery Period}} (including prior to the Trade Date) either:<br> | :(b) notwithstanding Section {{cddprov|14.1}}(a), if a {{cddprov|DC Credit Event Announcement}}has occurred and the {{cddprov|Credit Event Resolution Request Date}} has occurred on or prior to the last day of the {{cddprov|Notice Delivery Period}} (including prior to the Trade Date) either:<br> | ||