[De Minimis Cash Settlement. Notwithstanding that the Settlement Method is Physical Settlement, if the Floating Rate Payer Calculation Amount as at the Event Determination Date is less than USD 50,000 (if the Original Notional Amount is denominated in USD) or EUR 50,000 (if the Original Notional Amount is denominated in EUR), as applicable, then the Settlement Method in respect of the Component Transaction shall be deemed to be Cash Settlement. For the purposes of this Paragraph 7.6 only, the terms relating to Cash Settlement shall be as follows:
Appears in 4 contracts
Samples: Master Confirmation Agreement, CDX Emerging Markets Master Credit Derivatives Confirmation Agreement, CDX Master Credit Derivatives Confirmation Agreement
