DC No Credit Event Announcement - Credit Derivatives Provision

2014 ISDA Credit Derivatives Definitions
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Section 1.29 in a Nutshell™

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Section 1.29. “DC No Credit Event Announcement” means the DC Secretary publicly announces that the Credit Derivatives Determinations Committee has Resolved that the event in a DC Credit Event Question is not a Credit Event. view template

Full text of Section 1.29

Section 1.29 DC No Credit Event Announcement. “DC No Credit Event Announcement” means, with respect to the Reference Entity, a public announcement by the DC Secretary that the relevant Credit Derivatives Determinations Committee has Resolved that an event that is the subject of a DC Credit Event Question does not constitute a Credit Event for purposes of the Credit Derivative Transaction. view template