Credit Default Swap Agreement Template for Saudi Arabia

1. Multiple Reference Entities: Additional provisions for deals involving multiple reference entities

2. Succession Events: Procedures for handling corporate reorganizations of reference entities

3. Additional Termination Events: Specific circumstances triggering termination beyond standard events

4. Credit Support Arrangements: Collateral and margin requirements if applicable

5. Third Party Rights: Rights of reference entities or other third parties

6. Special Purpose Vehicle Provisions: Additional terms when using an SPV structure

7. Tax Provisions: Specific tax treatments and gross-up obligations

1. Schedule 1: Reference Entity Information: Details of the reference entity and reference obligations

2. Schedule 2: Credit Events: Detailed definitions and procedures for each applicable credit event

3. Schedule 3: Settlement Terms: Detailed settlement procedures and valuation methods

4. Schedule 4: Premium Calculation: Formula and methods for calculating premium payments

5. Schedule 5: Form of Credit Event Notice: Standard form for credit event notifications

6. Schedule 6: Form of Notice of Physical Settlement: Standard form for physical settlement notices

7. Appendix A: Shariah Approval: Shariah board approval and compliance certification

8. Appendix B: Standard Terms Supplement: Industry standard terms incorporated by reference