Standard CDS Terms Sample Clauses
The 'Standard CDS Terms' clause defines the use of standardized contractual terms for Credit Default Swaps (CDS) transactions. It specifies that the parties will adhere to a set of pre-established terms, typically published by industry bodies like ISDA, which cover key aspects such as payment calculations, credit events, and settlement procedures. By referencing these standard terms, the clause ensures consistency and efficiency in CDS contracts, reducing negotiation time and minimizing the risk of misunderstandings or disputes over contract provisions.
Standard CDS Terms. The general terms of each Transaction to which this Standard CDS Terms relates are as follows, as supplemented by the relevant Transaction Supplement related to such Transaction: