Template:2014 ISDA Credit Derivatives Definitions 3.1: Difference between revisions
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'''Section {{cddprov|3.1}} Obligation'''. “'''{{cddprov|Obligation}}'''” means:<br> | '''Section {{cddprov|3.1}} Obligation'''. “'''{{cddprov|Obligation}}'''” means:<br> | ||
:(a) any obligation of the {{cddprov|Reference Entity}} (either directly or as provider of a {{cddprov|Relevant Guarantee}}) determined pursuant to the method described in Section {{cddprov|3.13}} ( Method for Determining Obligations); and<br> | :(a) any obligation of the {{cddprov|Reference Entity}} (either directly or as provider of a {{cddprov|Relevant Guarantee}}) determined pursuant to the method described in Section {{cddprov|3.13}} ( Method for Determining Obligations); and<br> | ||
:(b) the {{cddprov|Reference Obligation}} ,<br> | :(b) the {{cddprov|Reference Obligation}},<br> | ||
:in each case, unless it is an {{cddprov|Excluded Obligation}}.<br> | :in each case, unless it is an {{cddprov|Excluded Obligation}}.<br> | ||
Revision as of 20:12, 23 April 2023
Section 3.1 Obligation. “Obligation” means:
- (a) any obligation of the Reference Entity (either directly or as provider of a Relevant Guarantee) determined pursuant to the method described in Section 3.13 ( Method for Determining Obligations); and
- (b) the Reference Obligation,
- in each case, unless it is an Excluded Obligation.