Current Offer Curve definition
Current Offer Curve means, with respect to a reference entity at any time on any Swap Counterparty City Business Day and with respect to each relevant date from and including such Swap Counterparty City Business Day to and including the Scheduled Termination Date, the credit default swap spread relating to each such relevant date at which the Swap Counterparty would be able to buy credit protection in relation to such Reference Entity from a counterparty of similar credit standing, as determined by the Swap Counterparty on such Swap Counterparty City Business Day acting in its sole discretion.