DC No Credit Event Announcement - Credit Derivatives Provision

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

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Section 1.29 in a Nutshell

Use at your own risk, campers!
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.

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.

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Content and comparisons

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General discussion

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See also

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