Template:Nutshell Credit Derivatives 1

Section 1.1. “Credit Derivative Transaction” means any transaction identified as such or that incorporates the Definitions.
Template:Nutshell Credit Derivatives 1.2 Section 1.3. “Buyer” is the Fixed Rate Payer; that is, the one who benefits from credit protection.
Section 1.4. “Seller” is the Floating Rate Payer; that is, the one who provides the credit protection.
Template:Nutshell Credit Derivatives 1.5 Section 1.6. “Credit Derivatives Determinations Committee” means each committee established under the DC Rules to make DC Resolutions about Credit Derivative Transactions .
Section 1.7. “DC Rules” means the Credit Derivatives Determinations Committees Rules published by ISDA and updated from time to time.
Template:Nutshell Credit Derivatives 1.8 Template:Nutshell Credit Derivatives 1.9 Template:Nutshell Credit Derivatives 1.10 Section 1.11. “Resolve” (and “Resolved” and “Resolves”) is defined in the DC Rules.
Section 1.12. “DC Resolution” is defined in the DC Rules.
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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.
Template:Nutshell Credit Derivatives 1.28 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.
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