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Standard Terms Supplement and Confirmation for CMBS Index Basis Swap
Standard Terms Supplement and Confirmation for CMBS Index Basis Swap
(published March 20, 2008)
The Standard Terms Supplement and Confirmation for CMBS Index Basis Swap are designed for documenting duration-neutral total return swap transactions referencing indices of commercial mortgage-backed securities. In particular the template is designed for use with the commonly-traded indices maintained by Lehman Brothers Inc. and Banc of America Securities LLC.
A timeline for the operation of the Index Modification, Index Cancellation and Index Calculation Failure provisions is also provided for information.