Template:2014 ISDA Credit Derivatives Definitions 1: Difference between revisions

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Template:2014 ISDA Credit Derivatives Definitions 1 (view source)

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'''Section {{cddprov|1.15}} Termination Date'''. “'''{{cddprov|Termination Date}}'''” means either:
 
:(a) the date as determined in accordance with Section {{cddprov|2.12}} ( {{cddprov|Reference Obligation Only}} Trade), {{cddprov|5.1}} (Settlement), {{cddprov|6.3}} ({{cddprov|Auction Settlement}} Date), {{cddprov|7.2}} ({{cddprov|Cash Settlement Date}}), {{cddprov|8.17}} (Physical Settlement Date), {{cddprov|9.1}} (Partial Cash Settlement Due to Impossibility or Illegality), {{cddprov|9.6}}(b) (Partial Cash Settlement Terms), {{cddprov|9.10}} (Cap on Settlement), or {{cddprov|11.2}}(c)(ii) (Additional Representations and Agreements for Physical Settlement), as applicable; or
:(b) if none of such Sections is applicable, the later of the final day of (i) the {{cddprov|Notice Delivery Period}} and (ii) the {{cddprov|Post Dismissal Additional Period}}, if any.<br>
Upon the occurrence of a Termination Date, the parties will have no further obligations towards each other in respect of the {{cddprov|Credit Derivative Transaction}}, other than in respect of obligations which have become due on or prior to the {{cddprov|Termination Date}} but have yet to be performed.<br>
'''Section {{cddprov|1.16}} Event Determination Date'''. “'''{{cddprov|Event Determination Date}}'''” means, with respect to a {{cddprov|Credit Event}} and a {{cddprov|Credit Derivative Transaction}} with respect to which:
'''Section {{cddprov|1.16}} Event Determination Date'''. “'''{{cddprov|Event Determination Date}}'''” means, with respect to a {{cddprov|Credit Event}} and a {{cddprov|Credit Derivative Transaction}} with respect to which:
:(a) “'''{{cddprov|Auction Settlement}}'''” is the applicable {{cddprov|Settlement Method}} and “'''{{cddprov|Buyer}} or {{cddprov|Seller}}'''” is the {{cddprov|Notifying Party}}:
:(a) “'''{{cddprov|Auction Settlement}}'''” is the applicable {{cddprov|Settlement Method}} and “'''{{cddprov|Buyer}} or {{cddprov|Seller}}'''” is the {{cddprov|Notifying Party}}:
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