Template:2014 ISDA Credit Derivatives Definitions 3.7

Section 3.7 Excluded Deliverable Obligation. “Excluded Deliverable Obligation” means:

(a) any obligation of the Reference Entity specified as such or of a type described in the related Confirmation;

(b) any principal only component of a Bond from which some or all of the interest components have been stripped; and

(c) if Asset Package Delivery is applicable, any obligation issued or incurred on or after the date of the relevant Asset Package Credit Event.