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Credit Derivative Transaction on Collateralized Debt Obligation with Pay-As-You-Go or Physical Settlement (Dealer Form)
Credit Derivative Transaction on Collateralized Debt Obligation with Pay-As-You-Go or Physical Settlement (Dealer Form)
This Standard Terms Supplement for a Credit Derivative Transaction on Collateralized Debt Obligation replaces the June 6, 2007 and June 7, 2006 publications. As compared to the June 6, 2007 publication, there is only one modification – in the section entitled “Relevant Rate” on page 39, the June 6, 2007 publication’s reference to the 2000 ISDA Definitions has been replaced in the August 8, 2007 publication with a reference to the “2006 ISDA Definitions”. It should be noted that ISDA has published a memorandum outlining the salient differences between the 2000 ISDA Definitions and the 2006 ISDA Definitions. This is available on the ISDA website, www.isda.org under “Bookstore/Publications” under “ISDA Interest Rate and Currency Derivative Definitions” and is entitled “Memorandum on Principal Amendments to the 2000 ISDA Definitions As Incorporated In The 2006 ISDA Definitions”.