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<p>any given time during the life of the deal unless an event of default occurs. Usually these contracts are traded pursuant to an <a href="page.php?w=International_Swaps_and_Derivatives_Association">International Swaps and Derivatives Association</a> (ISDA) master agreement. Most credit derivatives of this sort are <a href="page.php?w=credit_default_swap">credit default swap</a>s. If the credit derivative is entered into by a financial institution or a <a href="page.php?w=special_purpose_vehicle">special purpose vehicle</a> (SPV) and payments under</p><p>
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