Credit Derivatives Auction Settlement Terms definition

Credit Derivatives Auction Settlement Terms means the credit derivatives auction settlement terms published by ISDA in relation to the Reference Entity or Reference Obligation with the object of determining an Auction Final Price, which shall include, where more than one set of terms is published in respect of the Reference Entity, all or any of such terms so published.

Credit Derivatives Auction Settlement Terms means any Credit Derivatives Auction Settlement Terms published by ISDA, in accordance with the Rules, a form of which will be published by ISDA on its website at www.isda.org (or any successor website thereto) from time to time and may be amended from time to time in accordance with the Rules.

Credit Derivatives Auction Settlement Terms means any Credit Derivatives Auction Settlement Terms published by ISDA, a form of which will be published by ISDA on its website at www.isda.org (or any successor website thereto) from time to time and may be amended from time to time.

Examples of Credit Derivatives Auction Settlement Terms in a sentence

• On each Business Day from, and including, the relevant Auction Currency Fixing Date to, and including, the earlier of (i) the Auction Final Price Determination Date and (ii) the Auction Cancellation Date, the Administrators will determine whether an Auction Currency Rate can be determined for any Relevant Pairing in accordance with Section 2(a) of these Credit Derivatives Auction Settlement Terms.

• In all cases, if the Auction Final Price determined pursuant to these Credit Derivatives Auction Settlement Terms is greater than 100 percent, then, for purposes of settling the Auction Covered Transactions only, the Auction Final Price will be deemed to be 100 percent.

• If the Administrators are unable to determine an Auction Currency Rate for each Relevant Pairing in accordance with Sections 2(a) and 2(b) of these Credit Derivatives Auction Settlement Terms, Section 13(b) of these Credit Derivatives Auction Settlement Terms shall apply.

• In such case, notwithstanding Sections 6 or 12(b) of these Credit Derivatives Auction Settlement Terms, all Valid Physical Settlement Requests on the same side of the market as the Open Interest (e.g., bids to purchase or offers to sell) will be matched Pro Rata, subject to the Rounding Convention, against the Valid Limit Order Submissions and Valid Physical Settlement Requests on the opposite side of the market to form Market Position Trades or Matched Limit Order Trades, as applicable.

• If an Initial Market Midpoint has been determined pursuant to Section 5 of these Credit Derivatives Auction Settlement Terms, the Administrators will match all Valid Physical Settlement Requests with one another in order to determine the Open Interest.

More Definitions of Credit Derivatives Auction Settlement Terms

Credit Derivatives Auction Settlement Terms means any Credit Derivatives Auction Settlement Terms published by the DC Secretary, a form of which will be published by the DC Secretary on its website at www.cdsdeterminationscommittees.org/ (or any successor website thereto) from time to time and may be amended from time to time in accordance with the CDDC Rules.

Credit Derivatives Auction Settlement Terms means, in relation to any Reference Entity, the Credit Derivatives Auction Settlement Terms published by ISDA, with respect to the relevant Reference Entity, a form of which will be published by ISDA on its website at www.isda.org (or any successor website thereto) from time to time and as may be amended from time to time.

Credit Derivatives Auction Settlement Terms means the senior Credit Derivatives Auction Settlement Terms published by the International Swaps and Derivatives Association, Inc. ("ISDA"), in accordance with the Rules, with respect to any Reference Entity (which may be amended in accordance withthe Rules from time to time) for which the Calculation Agent has determined, in its sole discretion, that the provisions for establishing what obligations may be eligible for delivery under transactions entered into pursuant to such auction are substantially the same as the provisions in the Swap Agreement for establishing what obligations may constitute Valuation Obligations (and if the Calculation Agent determines that such provisions are substantially the same then the Credit Derivatives Auction Settlement Terms shall be deemed to be applicable for the purpose of Auction Settlement hereunder);

Credit Derivatives Auction Settlement Terms means the relevant set of Credit Derivatives Auction Settlement Terms published by ISDA in accordance with the DC Rules, as may be amended from time to time in accordance with the DC Rules.

Credit Derivatives Auction Settlement Terms means the Credit Derivatives Auction Settlement Terms published by ISDA, in accordance with the Rules, with respect to the relevant Reference Entity (which may be amended in accordance with the Rules from time to time), and in relation to which (i) an Event Determination Date has occurred with respect to the relevant Reference Entity on or prior to the Business Day immediately preceding the Auction Final Price Determination Date, and(ii) the Calculation Agent determines acting in a commercially reasonable manner that the provisions for establishing what obligations may constitute Deliverable Obligations are substantially the same as the provisions in the relevant Credit Default Swap (such conditions (i) and (ii) constituting the "Auction Conditions"). The Calculation Agent may, at any time in its sole and absolute discretion, amend the Deliverable Obligation Category and Deliverable Obligation Characteristics to correspond with the most recently published Credit Derivatives Physical Settlement Matrix version.

Credit Derivatives Auction Settlement Terms means, in relation to any Reference Entity, the Credit Derivatives Auction Settlement Terms published by ISDA, in accordance with the Rules, with respect to the relevant Reference Entity, which may be amended in accordance with the Rules from time to time, for which such credit derivative transaction is an Auction Covered Transaction.

Credit Derivatives Auction Settlement Terms means the relevant set of Credit Derivatives Auction Settlement Terms published by ISDA, in accordance with the Rules, a form of which is set forth in Annex B to the Definitions, as incorporated into the Definitions by the March 2009 Supplement, which may be amended in accordance with the Rules from time to time.