Template:Isda Designated Event summ: Difference between revisions

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 Some learned commentators feel this is rather harsh, especially if you’re in the finance game, where raising indebtedness is part of what you do. Arguably, a bank deposit is a form of indebtedness. Loosely, so is any negative credit exposure. Likewise, the stricture applies to all {{{{{1}}}|Credit Support Provider}}s and {{{{{1}}}|Specified Entities}}, so woe betide if one of those is a [[financial institution]] too.
-The pragmatist might well say, “yeah, that’s how it reads, but no one would ever take the point right?” While it’s bracing to hear such an expression of [[i believe|trust and confidence]] in the ''bona fides'' of ones fellow merchant in the markets, just “trusting one other” is not really the vibe of the international derivatives documentation community, and in any case if no one needs this clause, why write it in?
+The pragmatist might well say, “yeah, that’s how it reads, but no one would ever take the point right?” While it’s bracing to hear such an expression of [[i believe|trust and confidence]] in the ''bona fides'' of one’s fellow merchant in the markets, just “trusting one other” is not really the vibe of the international derivatives documentation community, and in any case if no one needs this clause, why write it in?
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 *[[all or substantially all]]
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