EFTA Document EFTA01353517

obligati:mfg. of one or more specified issuers or guarantors. each of which is called a reference entity. The reference obligation(s) and each reference entity for a class of credit default options are selected by the listing options market. When a credit default option is based on reference obligation(s) of more than one issuer or guarantor, it Is referred to as a credit default basket option. There are further variations on credit default basket options as described below. A credit de