2014 ISDA Credit Derivatives Definitions: Difference between revisions
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==Article 13 Credit Derivatives Physical Settlement Matrix== | ==Article 13 Credit Derivatives Physical Settlement Matrix== | ||
'''Section {{cddprov|13.1}} Application of Credit Derivatives Physical Settlement Matrix'''. In respect of a {{cddprov|Credit Derivative Transaction}} whose {{cddprov|Confirmation}} identifies a “'''{{cddprov|Transaction Type}}'''” that is included in the Credit Derivatives Physical Settlement Matrix, the terms set out in the Credit Derivatives Physical Settlement Matrix with respect to such “'''{{cddprov|Transaction Type}}'''” shall be deemed to apply to that {{cddprov|Credit Derivative Transaction}}, provided that the relevant {{cddprov|Confirmation}} does not specify any inconsistent terms, in which case the terms specified in such {{cddprov|Confirmation}} shall prevail.<br> | '''Section {{cddprov|13.1}} Application of Credit Derivatives Physical Settlement Matrix'''. In respect of a {{cddprov|Credit Derivative Transaction}} whose {{cddprov|Confirmation}} identifies a “'''{{cddprov|Transaction Type}}'''” that is included in the Credit Derivatives Physical Settlement Matrix, the terms set out in the Credit Derivatives Physical Settlement Matrix with respect to such “'''{{cddprov|Transaction Type}}'''” shall be deemed to apply to that {{cddprov|Credit Derivative Transaction}}, provided that the relevant {{cddprov|Confirmation}} does not specify any inconsistent terms, in which case the terms specified in such {{cddprov|Confirmation}} shall prevail.<br> |