Examples of Credit Events in a sentence
Prospective investors should note that not all Credit Events have easily ascertainable triggers and disputes can and have arisen as to whether a specific event did or did not constitute a Credit Event.
For Nth to Default CLNs, while the occurrence of the N-1 Credit Events has no impact on the Redemption Amount and (if any) interest payments, the Nth Credit Event will have a more than proportional impact on these figures.
If there are any Unsettled Credit Events as at the Credit Event Observation Period End Date, the Warrant Extended Maturity Date may not be the final maturity date for the Notes and the final maturity date will be the later of the Extended CDS Termination Date and the Warrant Extended Maturity Date.
The exposure is provided through the issuance of Notes which are linked to index CDS spreads (which represent the cost of buying protection against Credit Events affecting the entities comprising the relevant index).
Creation of Segregated Portfolio shall be based on issuer level Credit Events as detailed above and implemented at the ISIN level.