2005 ISDA Master Give-Up Agreement: Difference between revisions

no edit summary
No edit summary
No edit summary
 
(8 intermediate revisions by the same user not shown)
Line 7: Line 7:
Compare that to the cash equity [[give-up]] process, where the [[prime broker]]’s client seeks a price indication from the [[executing broker]], but never transacts any trade at all, but rather instructs its [[prime broker]] to do so, against execution of a distinct [[equity swap]] between [[prime broker]] and client. This one is a misnomer too, amusingly enough<ref>Well – it’s amusing if that sort of thing floats your boat.</ref>since here, also, there is never a contract that is given up.
Compare that to the cash equity [[give-up]] process, where the [[prime broker]]’s client seeks a price indication from the [[executing broker]], but never transacts any trade at all, but rather instructs its [[prime broker]] to do so, against execution of a distinct [[equity swap]] between [[prime broker]] and client. This one is a misnomer too, amusingly enough<ref>Well – it’s amusing if that sort of thing floats your boat.</ref>since here, also, there is never a contract that is given up.


{{isdaanatomy}}
===Table of Contents===
Section {{prov|{{igu}}|1}}. {{prov|{{igu}}|Authorization}} <br />
Section {{prov|{{igu}}|2}}. {{prov|{{igu}}|Representations and Warranties}} <br />
Section {{prov|{{igu}}|3}}. {{prov|{{igu}}|Accepted Transaction and Trade Acceptance Procedure}} <br />
Section {{prov|{{igu}}|4}}. {{prov|{{igu}}|Termination}}<br />
Section {{prov|{{igu}}|5}}. {{prov|{{igu}}|Delivery and Effectiveness of Communication and Trade Notices}} <br />
Section {{prov|{{igu}}|6}}. {{prov|{{igu}}|Governing Law and Proceedings}} <br />
Section {{prov|{{igu}}|7}}. {{prov|{{igu}}|Miscellaneous}} <br />
Section {{prov|{{igu}}|8}}. {{prov|{{igu}}|Definitions}} <br />
{{prov|{{igu}}|Schedule}}<br />
{{prov|{{igu}}|Part 5}} ({{prov|{{igu}}|Termination notice}})<br />
 
{{Giveupterminationboilerplate}}