Collateralised Credit Default Swap definition
Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer is required to provide Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder.
Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer is required to provide Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder and excludes, for the avoidance of doubt, any Offsetting CDS or Credit Short Obligation.
Collateralised Credit Default Swap means an unfunded credit default swap entered into by the Issuer under which the Issuer is the seller of credit protection and in respect of which the Issuer is required to provide Synthetic Collateral for its contingent obligations to the Synthetic Security Counterparty.
More Definitions of Collateralised Credit Default Swap
Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer will be required to provide Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder and whereby the terms of such unfunded credit default swap will only allow for settlement within a 90 day period upon the occurrence of a credit event as defined in such unfunded credit default swap.
Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which (i) the Issuer has provided Synthetic Collateral for its contingent obligations to the Synthetic Counterparty thereunder and (ii) the Synthetic Counterparty has agreed to limit its recourse to the Synthetic Collateral.
Collateralised Credit Default Swap means a Synthetic Security entered into by the Issuer which is an unfunded credit default swap under which the Issuer will be required to either (i) provide Synthetic Collateral or (ii) allocate Class A-2 Undrawn and Committed Amounts in each case, in order to meet its contingent obligations to the Synthetic Counterparty thereunder.