Credit Default Swap definition

Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

Credit Default Swap means the credit default swap transaction entered into on the Closing Date between the Issuer and the Swap Counterparty and documented under the ISDA Master Agreement.

Credit Default Swap means a credit derivative contract under which the protection buyer pays a premium to the protection seller in return for compensation in the event of a default (or similar credit event) by a reference entity.

Examples of Credit Default Swap in a sentence

• For purposes of ascertaining whether the Credit Default Swap would be an Auction Covered Transaction, the Credit Default Swap shall not be considered: (1) to be a transaction linked to any index or to a portfolio of entities, (2) to provide for a fixed recovery of final settlement amount, and (3) to provide that the Credit Derivatives Auction Settlement Terms would not apply.

• The rest was done by the Credit Default Swap (CDS), which started as a fi- nancial tool to reduce financial risk on securities and became an instrument of pure speculation.

• In determining whether a Credit Default Swap would be an Auction Covered Transaction, the Calculation Agent may (acting in good faith and a commercially reasonable manner) interpret the above provisions and resolve any ambiguity, having regard to market practice and interpretation.

More Definitions of Credit Default Swap

Credit Default Swap means any credit default swap entered into as a means to hedge the default risk of bonds, notes, loans, debentures or securities of the Borrower or any Obligor.

Credit Default Swap. (Derivado Crediticio) means the credit default swap dated on the Incorporation Date between the Management Company on behalf of the Issuer and the Swap Counterparty;

Credit Default Swap means a credit derivative contract which provides the Fund with

Credit Default Swap means a derivative contract in which one party pays a fee to another party in return for a payment or other benefit in the case of a credit event relating to a reference entity and of any other default, relating to that derivative contract, which has a similar economic effect;

Credit Default Swap means an agreement between counterparties in which one party is entitled to receive the par (or other agreed-upon) value of a referenced debt obligation from the counterparty to the agreement in the event of a default by a third party on the debt obligation. In return, such party would pay the counterparty a periodic stream of payments over the term of the contract provided that no event of default has occurred.

Credit Default Swap means a derivative contract in which one party pays a fee to another party in return for compensation or a payment in the event of a default by a reference entity, or a credit event relating to that reference entity and any other derivative contract that has a similar economic effect;

Credit Default Swap means, in respect of a reference entity, a credit default swap referenced to such reference entity, documented on the Quotation Terms.