Document background
The Credit Default Swap Agreement is essential for parties seeking to transfer or manage credit risk exposure in financial markets. This document type is primarily used when entities operating under Irish jurisdiction wish to enter into credit derivative transactions, whether for hedging, speculation, or risk management purposes. The agreement comprehensively details credit events, settlement mechanisms, payment obligations, and regulatory compliance requirements under Irish law and EU regulations such as EMIR and MiFID II. It follows ISDA standardized documentation while incorporating jurisdiction-specific elements required under Irish law. The document is typically used by financial institutions, investment firms, and corporations engaging in credit derivatives trading within the Irish and broader EU regulatory framework.
