(most recent version June 30, 2008)

(This document is superseded by Single Name CDS Swaption Standard Terms Supplement and Credit Default Swaption Confirmation and the Credit Derivatives Physical Settlement Matrix, all published on January 20, 2011)

The ISDA Swaption Matrix is intended for use with the Single Name CDS Swaption Standard Terms Supplement and Credit Default Swaption Confirmation. It facilitates the documentation of CDS swaption transactions by providing standard elections for CDS swaptions referencing various types of Reference Entity. It is anticipated that this document will be updated from time to time with the latest trading standards as contemplated by the Credit Default Swaption Confirmation.