Underlying CDS definition
Underlying CDS means, with respect to a Single Name Swaption or Portfolio Swaption, the underlying Credit Derivative Transaction to which the relevant option relates, provided that such underlying Credit Derivative Transaction is not an Excluded Index Transaction or an Excluded Non- Index Transaction.
Underlying CDS means, in respect of a Single Name Swaption or Portfolio Swaption, the underlying credit default swap transaction to which the relevant option relates.
Underlying CDS means, with respect to a Single Name Swaption or Portfolio Swaption, the underlying Credit Derivative Transaction to which the relevant option relates, provided
More Definitions of Underlying CDS
Underlying CDS. The Underlying CDs specified on Schedule I, subject to removal from the assets of the Trust upon the occurrence of a Removal Event, a Wind-Up Event, an event specified in Section 3.10 or the optional redemption of Underlying CDs by the related Underlying Issuer.