DC Credit Event Question Dismissal - Credit Derivatives Provision

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2014 ISDA Credit Derivatives Definitions
A Jolly Contrarian owner’s manual™

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section 1.27 in a Nutshell

Use at your own risk, campers!
Section 1.27. “DC Credit Event Question Dismissal” means the DC Secretary publicly announces that the Credit Derivatives Determinations Committee has Resolved not to determine a DC Credit Event Question about the Reference Entity.

Full text of section 1.27

Section 1.27 DC Credit Event Question Dismissal. “DC Credit Event Question Dismissal” means, with respect to the Reference Entity, a public announcement by the DC Secretary that the relevant Credit Derivatives Determinations Committee has Resolved not to determine the matters described in a DC Credit Event Question.

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Content and comparisons

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1.27 Does one Resolve not to determine something, or determine not to Resolve something?

Yet more in the labyrinthine cat’s cradle of definitionery that makes it no bloody wonder the OTC credit derivatives market is so thin.


General discussion

Template:M gen Credit Derivatives 1.27


See also

Template:M sa Credit Derivatives 1.27