CREDIT DERIVATIVE DEFINITIONS. This Master Confirmation Agreement hereby incorporates by reference the definitions and provisions contained in the 2003 ISDA Credit Derivatives Definitions as supplemented by the May 2003 Supplement to the 2003 ISDA Credit Derivatives Definitions, each as published by the International Swaps and Derivatives Association, Inc. (together, the “Credit Derivatives Definitions”). Any capitalized term not otherwise defined herein shall have the meaning assigned to such term in the Credit Derivatives Definitions. CONFIRMATION PROCESS Party A and Party B intend to enter into one or more separate Master Transactions relating to a Dow Xxxxx CDX emerging markets index, as specified in the relevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Relevant Annex (as defined in the General Terms Confirmation defined below). Each Component Transaction shall have the terms specified in the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Master Transaction, which shall constitute a “Confirmation” for the purposes of, and will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement (Multicurrency - Cross Border)] [2002 ISDA Master Agreement] and Schedule thereto between Party A and Party B dated as of [____], as amended and supplemented from time to time (the “Master Agreement”), shall consist of this Master Confirmation Agreement, including the General Terms Confirmation, as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. In the event of any inconsistency between the Credit Derivatives Definitions and this Master Confirmation Agreement (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purpose of the relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation) and a Transaction Supplement, the Transaction Supplement shall govern for the purpose of the relevant Master Transaction. The Transaction Supplement shall set forth, at a minimum, all of the rele...
CREDIT DERIVATIVE DEFINITIONS. This Master Confirmation Agreement hereby incorporates by reference the definitions and provisions contained in the 2003 ISDA Credit Derivatives Definitions as supplemented by the May 2003 Supplement to the 2003 ISDA Credit Derivatives Definitions, each as published by the International Swaps and Derivatives Association, Inc. (together, the “Credit Derivatives Definitions”). Any capitalized term not otherwise defined herein shall have the meaning assigned to such term in the Credit Derivatives Definitions.
