What transactions are covered by the Second Protocol?
Only single name Credit Derivative Transactions with a Confirmation that identifies or has the effect of identifying “Japan Corporate” as the relevant Transaction Type with respect to the Reference Entity (“Single Name Japan Corporate Credit Derivative Transactions”) are covered by the ISDA Japan Corporate Calculation Agent City Protocol dated 12 January 2010 (the “Original Protocol”). The Second Protocol expands the scope of coverage to include any Credit Derivative Transactions that is either a Covered Index Transaction (including CDX and iTraxx Tranched and Untranched), a Covered Swaption Transaction (single name and portfolio), a Covered Non-Swaption Transaction (e.g. Single name, Nth to default, Recovery Lock, Bespoke Portfolio Transactions) or a Covered Non-Auction Transaction (transaction types that are not typically included in CDS auctions, e.g. Reference Obligation only, Fixed Recovery, Preferred CDS or Party Specified Non-Auction Transactions); in each case with a Confirmati
