You must be logged in to add items to your Shopping Cart.
Reset your password
Login or Sign Up Now
Sign Up
Already have an account? Login.
Confirmation for Contingent Credit Default Swap Transaction
Confirmation for Contingent Credit Default Swap Transaction
(published February 6, 2007)
The Confirmation for a Contingent Credit Default Swap Transaction is designed for transactions where the parties desire to hedge the credit risk associated with counterparty default in derivative transactions. The principal distinction between this Confirmation and the standard single name credit default swap as documented under the 2003 ISDA Credit Derivatives Definitions relates to how the Floating Rate Payer Calculation Amount is determined upon a Credit Event.