ISDA Standard Model Settings for Fee Computations


	ISDA Standard Model Settings for Fee Computations

The TYO holiday calendar should be used in all JPY fee calculations calculated after 11:59 PM, Tokyo local time on September 12, 2009. [dat csv]

Parameter	Value
Value Date	T
Curve Date	T
LIBOR levels	Markit Locked LIBOR of T-1
Credit Curve CDS Fitting Instrument	Identical to CDS valuation instrument
Credit Curve Model	Constant Hazard Rate

Contract Group	Contract Region	ISDA Transaction Type	Fixed Coupons (bps)	Senior / Tier 1 Recovery	Subordinated Recovery
North America		Standard North American Corporate	100 / 500	40%	20%
		North American Corporate Index	100 / 500	40%	20%
Europe		Standard European Corporate	25 / 100 / 300 / 500 / 750 / 1000	40%	20%
		Standard Subordinated European Insurance Corporate	25 / 100 / 300 / 500 / 750 / 1000	40%	20%
		Standard Western European Sovereign	25 / 100 / 300 / 500 / 750 / 1000	40%	20%
		European Corporate Index	25 / 100 / 300 / 500 / 750 / 1000	40%	20%
		Western European Sovereign Index	25 / 100 / 300 / 500 / 750 / 1000	40%	20%
Emerging Markets	Europe / Middle East	Standard Emerging European Corporate	100 / 500	25%	25%
		Standard Emerging European Corporate LPN	100 / 500	25%	25%
		Standard Emerging European & Middle Eastern Sovereign	100 / 500	25%	25%
		Emerging European & Middle Eastern Corporate Index	100 / 500	25%	25%
		Emerging European & Middle Eastern Sovereign Index	100 / 500	25%	25%
	Latin America	Standard Latin America Corporate B	100 / 500	25%	25%
		Standard Latin America Corporate BL	100 / 500	25%	25%
		Standard Latin America Sovereign	100 / 500	25%	25%
		Latin America Corporate Index	100 / 500	25%	25%
		Latin America Sovereign Index	100 / 500	25%	25%
Asia	Ex-Japan	Standard Asia Corporate	100 / 500	40%	20%
		Standard Asia Sovereign	100 / 500	40%	20%
		Asia Corporate Index	100 / 500	40%	20%
		Asia Sovereign Index	100 / 500	40%	20%
	Singapore	Standard Singapore Corporate	100 / 500	40%	20%
		Standard Singapore Sovereign	100 / 500	40%	20%
	Japan	Standard Japan Corporate	25 / 100 / 500	35%	15%
		Standard Japan Sovereign	25 / 100 / 500	35%	15%
		Japan Corporate Index	25 / 100 / 500	35%	15%
Oceania	Australia	Standard Australia Corporate	100 / 500	40%	20%
		Standard Australia Sovereign	100 / 500	40%	20%
		Australia Corporate Index	100 / 500	40%	20%
	New Zealand	Standard New Zealand Corporate	100 / 500	40%	20%
		Standard New Zealand Sovereign	100 / 500	40%	20%
North America		Bullet LCDS	0 / 100 / 250 / 500	70%


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