(published February 9, 2012)

These additional provisions are intended to allow parties to enter into Contingent CDS (“CCDS”) transactions on certain CDS indices. They reference the existing Untranched Transaction Standard Terms Supplements for those indices, and add new settlement mechanics to reflect the CCDS nature of the transaction. These settlement mechanics involve the parties potentially being deemed to enter into a “Physical Reference Derivative Transaction” where a CDS Auction is held for a Credit Event, and Physical Settlement provisions based on ISDA’s Confirmation for Contingent Credit Default Swap Transaction (published February 6, 2007) where a CDS Auction is not held.

The Additional Provisions also reference the ISDA CCDS Reference Derivative Matrix.