Document background
The Credit Default Swap Agreement serves as a crucial risk management tool in Singapore's financial markets. This document is typically used when parties seek to transfer credit risk exposure without transferring the underlying asset. The agreement incorporates Singapore's regulatory requirements, including MAS guidelines and reporting obligations, while following international ISDA standards. It specifies credit events triggering protection, premium payment structures, settlement terms, and compliance with Singapore's derivatives trading framework. This contract type is particularly relevant given Singapore's position as a major financial hub, with specific provisions addressing local legal and regulatory requirements.
