In general, terms in this Standard have the meanings defined in other Regulations and Standards issued by the Central Bank. In addition, for this Standard, the following terms have the meanings defined in this section.

1. (a)Credit Default Swap (CDS): A financial swap agreement in which the seller of the CDS agrees to compensate the buyer in the event of a default or other credit event by the reference obligor in exchange for a series of payments during the life of the CDS.
2. (b)Contingent CDS: A CDS in which one or more aspects of the payout are contingent on both the occurrence of a credit event and some other event specified in the contract, such as the level of or change in a particular market variable.
3. (c)Credit Valuation Adjustment (CVA): Reflects the adjustment of default risk-free prices of derivatives due to a potential default of the counterparty. Regulatory CVA may differ from CVA used for accounting purposes. Unless explicitly specified otherwise, the term CVA in this document means regulatory CVA.
4. (d)CVA portfolio: Includes all CVA hedges that meet the eligibility requirements stated in these Standards, as well as all covered transactions.
5. (e)CVA Risk: Defined as the risk of losses arising from changing CVA values in response to changes in counterparty credit spreads and market risk factors that drive prices of derivative transactions.
6. (f)Derivatives Transactions: Transactions concerning financial contracts that are traded in the Market, their values are dependent on the value of the financial assets underlying such contracts - such as commodities, indexes, currencies or any other financial products considered as such by the Central Bank.
7. (g)Qualified Financial Contract: Any financial agreement, contract or transaction, including any terms and conditions incorporated by reference in any such financial agreement, contract or transaction, pursuant to which payment or delivery obligations are due to be performed at a certain time or within a certain period of time and whether or not subject to any condition or contingency excluding securities and commodities or any other agreement, contract or transaction as notified by the Central Bank at any time.
8. (h)Securities Financing Transactions (SFTs): Transactions such as repurchase agreements, reverse repurchase agreements, security lending and borrowing, and margin lending transactions, where the value of the transactions depends on market valuations and the transactions are often subject to margin agreements.