Credit mitigation: Difference between revisions

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(Created page with "The controversial protections in master trading agreements are there for one reason: To stop you losing money. They’re “''credit mitigants''”: ====...")
 
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The controversial protections in master trading agreements are there for one reason: To stop you losing money. They’re “''[[credit mitigant|credit mitigants]]''”:
#redirect[[credit risk mitigation]]
====[[Event of default|Events of default]]====
*If a party [[failure to pay|fails to pay]] or deliver things it owes under the agreement
*Things that increase the likelihood that the party will be unable to do so in the future:
**The party goes [[insolvent]] (or gets close to it)
**The party’s credit ratings are materially prejudiced (via a merger)
**The party materially defaults on its contracts with other counterparties
*Things that undermine the comfort you took as to the party’s creditworthiness:
**Representations and warranties the party gave turn out not to be true
*Any of these things happen with respect to guarantors or [[credit support provider]]s.

Latest revision as of 19:33, 28 August 2017

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