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ISDA? Determinations Committees (ISDA? DCs) - Meaning

Regional committees established by ISDA for the purposes of making determinations on credit derivative transactions that have incorporated, or are deemed to incorporate, the Big Bang Protocol or Small Bang Protocol. The ISDA DC will mainly determine whether a Succession Event has occurred and identify the Successor entity/entities, whether a Credit Event has occurred, if an auction is to be held and whether a particular obligation of the defaulted Reference Entity is deliverable.

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