Physical Settlement Matrix definition

Physical Settlement Matrix means the Credit Derivatives Physical Settlement Matrix Supplement to the Credit Derivatives Definitions, as most recently amended or supplemented as at the Trade Date (unless otherwise specified in relation to a Reference Entity) and as published by ISDA on its website at www.isda.org (or any successor website thereto), provided that any reference therein to:

Physical Settlement Matrix means the most recent Credit Derivatives Physical Settlement Matrix published by the International Swaps and Derivatives Association, Inc. as of the Issue Date. For more information, please see "Physical Settlement Matrix" in Annex B attached hereto.

Physical Settlement Matrix means the Credit Derivatives Physical Settlement Matrix Supplement to the Credit Derivatives Definitions, as most recently amended or supplemented as at the Issue Date (unless otherwise specified in relation to a Reference Entity) and as published by ISDA, currently at http://www.isda.org, provided that any reference therein to (a) "Confirmation" shall be deemed to be a reference to the applicable Final Terms; (b) "Floating Rate Payer Calculation Amount" shall be deemed to be a reference to the Specified Currency, (c) "Section 3.3 of the Definitions" shall be deemed to be a reference to "Credit Event Notice" as defined in this Annex, (d) "Section 3.9" shall be deemed to be a reference to Credit Linked Condition 8(a) and (e) "Section 8.6" shall be deemed to be a reference to "Physical Settlement Period" as defined in this Annex.

Examples of Physical Settlement Matrix in a sentence

• Where ISDA publishes a new version (the "Revised Matrix") of the Physical Settlement Matrix that is the Relevant Physical Settlement Matrix in respect of an EligibleReference Entity (the "Existing Matrix"), LCH SA will, in consultation with the CDSClear Product Committee, determine whether the Existing Matrix and the Revised Matrix are fungible for the purposes of Single Name Cleared Transactions referencing such Eligible Reference Entity.

• The definitions and provisions contained in the 2003 ISDA Credit Derivatives Definitions, as supplemented by the May 2003 Supplement to the 2003 ISDA Credit Derivatives Definitions and the February 2007 Credit Derivatives Physical Settlement Matrix (the “Physical Settlement Matrix”) (together, the “Credit Derivatives Definitions”) as published by the International Swaps and Derivatives Association, Inc.

• For clarity, the amendment would also update the transaction terms to reference the updated ISDA Credit Derivatives Physical Settlement Matrix with the Additional Provisions Effective Date that takes into account the Russia Additional Provisions.

• These standard provisions are subject to the terms applicable to the “Transaction Type” for each Reference Entity under the Physical Settlement Matrix.

• Where the NTCE Supplement is incorporated into the terms of the Reference CDS (including by way of the Physical Settlement Matrix), a deterioration in the creditworthiness or financial condition of a Reference Entity will be required for the purposes of determining a Failure to Pay Credit Event, thereby limiting the circumstances in which a Failure to Pay Credit Event can occur.

More Definitions of Physical Settlement Matrix

Physical Settlement Matrix means the "Credit Derivatives Physical Settlement Matrix", as most recently amended and supplemented as at the Trade Date and as published by ISDA on its website at www.isda.org (or any successor website thereto), Provided That the following amendments shall be deemed to have been made for the purposes of the Standard with respect to a Reference Entity:

Physical Settlement Matrix means the Credit Derivatives Physical Settlement Matrix, as such term is defined in the 2005 Matrix Supplement.

Physical Settlement Matrix means, in relation to any Reference Entity, the version of the Credit Derivatives Physical Settlement Matrix most recently published by ISDA as at the Trade Date, as determined by the Calculation Agent inits sole and absolute discretion. Reference Obligation(s): In relation to any Reference Entity, means (a) each Reference Obligation specified in respect of such Reference Entity in Schedule 1 (Reference Portfolio) and / or (b) one or more obligations of that Reference Entity (whether as principal or surety or otherwise), with an aggregate principal balance not greater than the Reference Entity Notional Amount in respect of the relevant Reference Entity, in each case, selected by the Buyer in its absolute discretion on or prior to the Valuation Date for the relevant Credit Event, which falls (or fall) within the Deliverable Obligation Category specified in the Standard Terms relating to the relevant Reference Entity, and as at such Valuation Date has (or have) the Deliverable Obligation Characteristics specified in the Standard Terms relating to the relevant Reference Entity. Reference Entity Notional Amount: In respect of each Reference Entity, means theamount specified for such Reference Entity in Schedule 1 of this Confirmation, as adjusted from time to time in accordance with the provisions relating to Successors set out below. Reference Price: 100 per cent.

Physical Settlement Matrix means the "Credit Derivatives Physical Settlement Matrix", as most recently amended and supplemented as at the Issue Date and as published by ISDA on its website at www.isda.org (or any successor website thereto).

Physical Settlement Matrix means the "Credit Derivatives Physical Settlement Matrix", as most recently amended and supplemented as at the Trade Date (unless otherwise agreed by the parties) and as published by ISDA on its website at www.isda.org (or any successor website thereto), provided that any reference therein to:

Physical Settlement Matrix means the "Credit Derivatives Physical Settlement Matrix", as most recently amended and supplemented as at the Issue Date and as published by ISDA on its website.For the purposes of the Credit Default Swap:

Physical Settlement Matrix means the Credit Derivatives Physical Settlement Matrix Supplement to the Credit Derivatives Definitions, as most recently amended or supplemented as at the Trade