Bullet Syndicated Secured Loan Credit Default Swap Standard Terms Supplement

To experience the full functionality of the ISDA website, it is necessary to enable Javascript in your browser.
Here are instructions on how to enable JavaScript in your web browser.

Login

Forgot your password?

Don't have an account? Sign Up Now

Reset your password

Sign Up

Business Details

Business Email *

Company *

Job Title *

Department *

Personal Information

Prefix

First Name *

Middle Name

Last Name *

Suffix

Primary Areas of Interest

Work Contact Information

Address Line 1 *

Address Line 2

Address Line 3

City *

Country *

State / Province

Postal Code *

Telephone *

Fax

Already have an account? Login.

(This form, published April 5, 2010 supersedes the Syndicated Secured Loan Credit Default Swap Standard Terms Supplement published May 22, 2007.)

This template is designed to document credit default swap transactions where the Deliverable Obligations are limited to Syndicated Secured Loans of the Reference Entity. This form is primarily intended for use in the North American market. The contract: (a) has a “bullet” maturity, i.e. not subject to acceleration in the case where the Reference Entity’s loans are repaid; (b) is subject to a credit event determination by a Determinations Committee; (c) provides for auction settlement if the Participating Dealers vote to hold an auction under the Bullet LCDS Auction Rules in relation to a Reference Entity and Designated Priority; and (d) contains specific rules and procedures for determining Successors to the Reference Entity (the procedures are contained in the Bullet LCDS Continuity Procedures). If no auction is held or the auction fails or is abandoned, Physical Settlement will apply to LCDS transactions under the most recently-published form of LSTA Physical Settlement Rider, which is available from the LSTA’s website, www.lsta.org.

International Swaps and Derivatives Association

Bullet Syndicated Secured Loan Credit Default Swap Standard Terms Supplement

Bullet Syndicated Secured Loan Credit Default Swap Standard Terms Supplement

Free downloads for Bullet Syndicated Secured Loan Credit Default Swap Standard Terms Supplement (6)

Superseded