Credit Derivative Transaction definition

Credit Derivative Transaction means any credit derivative transaction that incorporates either (a) the Updated 2003 Definitions or (b) the 2014 Definitions, as applicable.

Credit Derivative Transaction has the meaning given to that term in (i) 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. ("ISDA") (the "2003 Definitions") in respect of a Transaction documented by a Confirmation that incorporates the 2003 Definitions or (ii) the 1999 ISDA Credit Derivatives Definitions, as published by ISDA (the "1999 Definitions") in respect of a Transaction documented by a Confirmation that incorporates the 1999 Definitions, as applicable. Each other capitalized term used in this Agreement but not defined herein has the meaning given to that term in the related Documentation (as defined below), as applicable.

Credit Derivative Transaction has the meaning given to that term 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. ("ISDA") (the "2003 Definitions"). Each other capitalized term used in this Agreement but not defined herein has the meaning given to that term in the 2003 Definitions, the LCDS Standard Terms, the LCDX Untranched Terms or the LCDX Tranche Terms, as applicable.

Examples of Credit Derivative Transaction in a sentence

• 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).

• Subject to Paragraph 7.5 of the General Terms Confirmation, each Component Transaction (a) constitutes a separate and independent Credit Derivative Transaction between Party A and Party B with respect to one of the Reference Entities listed in the Relevant Annex, (b) shall not be affected by any other Credit Derivative Transaction between Party A and Party B and (c) shall operate independently of each other Component Transaction in all respects.

• The Buyer and the Seller agree that the Credit Derivative Transaction documented under this Confirmation is not intended to be and does not constitute a contract of surety, insurance, guarantee, assurance or indemnity and that their obligations in respect thereof are not conditional or dependent upon or subject to the Buyer having any title, ownership or interest (whether legal, equitable or economic) in any Reference Obligation.

• The preparation of a Transaction Supplement shall be the responsibility of the [Buyer]/[Seller] in respect of the Credit Derivative Transaction to which the relevant Transaction Supplement relates.

• The Adhering Parties may agree by separate bilateral agreement(s) that one or more specified Credit Derivative Transactions entered into between them shall not be Protocol Covered Transactions for purposes of this Protocol (each such Credit Derivative Transaction, a Party Agreed Excluded Transaction).

• During such suspension period, the parties are not obliged to, nor are they entitled to, take any action in connection with the settlement of any relevant Credit Derivative Transaction.

• TRANSACTION NOT A CONTRACT OF INSURANCE The Buyer and the Seller agree that the Credit Derivative Transaction documented under this Confirmation is not intended to be and does not constitute a contract of surety, insurance, guarantee, assurance or indemnity and that their obligations in respect thereof are not conditional or dependent upon or subject to the Buyer having any title, ownership or interest (whether legal, equitable or economic) in any Reference Obligation.

• If Cash Settlement is shown as applicable in the Transaction Supplement, the following terms will apply to the relevant Credit Derivative Transaction.

• If Physical Settlement is shown as applicable in the Transaction Supplement, the following terms will apply to the relevant Credit Derivative Transaction.

• The parties confirm that this Credit Derivative Transaction is not intended to be and does not constitute a contract of surety, insurance, guarantee or indemnity.

More Definitions of Credit Derivative Transaction

Credit Derivative Transaction means any transaction that is identified in the related Confirmation as a Credit Derivative Transaction or any transaction that incorporates the 2014 ISDA Credit Derivatives Definitions.

Credit Derivative Transaction means any credit derivative transaction that incorporates the 2014 Definitions.

Credit Derivative Transaction means any transaction that is linked to the credit standing or solvency of an entity or group of entities (whether taken together or comprised in an index) including a credit default swap.

Credit Derivative Transaction means, in respect of a Reference Entity, the credit derivative swap transaction in respect of such Reference Entity, as confirmed in the Charged Agreement.