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Template:2014 ISDA Credit Derivatives Definitions 1: Difference between revisions
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Template:2014 ISDA Credit Derivatives Definitions 1 (view source)
Revision as of 16:10, 23 April 2023
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{{2014 ISDA Credit Derivatives Definitions 1.1}} | {{2014 ISDA Credit Derivatives Definitions 1.1}} | ||
{{2014 ISDA Credit Derivatives Definitions 1.2}} | {{2014 ISDA Credit Derivatives Definitions 1.2}} | ||
{{2014 ISDA Credit Derivatives Definitions 1.3} | {{2014 ISDA Credit Derivatives Definitions 1.3}} | ||
{{2014 ISDA Credit Derivatives Definitions 1.4}} | {{2014 ISDA Credit Derivatives Definitions 1.4}} | ||
{{2014 ISDA Credit Derivatives Definitions 1.5}} | {{2014 ISDA Credit Derivatives Definitions 1.5}} | ||
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{{2014 ISDA Credit Derivatives Definitions 1.51}} | {{2014 ISDA Credit Derivatives Definitions 1.51}} | ||
{{2014 ISDA Credit Derivatives Definitions 1.52}} | {{2014 ISDA Credit Derivatives Definitions 1.52}} | ||
'''Section {{cddprov|1.4}} {{cddprov|Seller}}'''. “'''{{cddprov|Seller}}'''” means the Floating Rate Payer.<br> | '''Section {{cddprov|1.4}} {{cddprov|Seller}}'''. “'''{{cddprov|Seller}}'''” means the Floating Rate Payer.<br> | ||
'''Section {{cddprov|1.5}} Calculation Agent'''. “'''{{cddprov|Calculation Agent}}'''” means the party to a {{cddprov|Credit Derivative Transaction}} (or a third party) specified as such in the related {{cddprov|Confirmation}} (or, if a person is not so specified, {{cddprov|Seller}}) who is responsible for making the determinations required to be made by the {{cddprov|Calculation Agent}} under the {{cddprov|Credit Derivative Transaction}} in accordance with the terms of the related Confirmation. Whenever the {{cddprov|Calculation Agent}} is required to act or to exercise judgment, it will do so in good faith and in a commercially reasonable manner. The {{cddprov|Calculation Agent}} shall, as soon as practicable after making any of the required determinations, notify the parties of such determination. Furthermore, each party agrees that the {{cddprov|Calculation Agent}} is not acting as a fiduciary for or as an advisor to such party in respect of its duties as {{cddprov|Calculation Agent}} in connection with any {{cddprov|Credit Derivative Transaction}}.<br> | '''Section {{cddprov|1.5}} Calculation Agent'''. “'''{{cddprov|Calculation Agent}}'''” means the party to a {{cddprov|Credit Derivative Transaction}} (or a third party) specified as such in the related {{cddprov|Confirmation}} (or, if a person is not so specified, {{cddprov|Seller}}) who is responsible for making the determinations required to be made by the {{cddprov|Calculation Agent}} under the {{cddprov|Credit Derivative Transaction}} in accordance with the terms of the related Confirmation. Whenever the {{cddprov|Calculation Agent}} is required to act or to exercise judgment, it will do so in good faith and in a commercially reasonable manner. The {{cddprov|Calculation Agent}} shall, as soon as practicable after making any of the required determinations, notify the parties of such determination. Furthermore, each party agrees that the {{cddprov|Calculation Agent}} is not acting as a fiduciary for or as an advisor to such party in respect of its duties as {{cddprov|Calculation Agent}} in connection with any {{cddprov|Credit Derivative Transaction}}.<br> | ||