Template:M summ 2002 ISDA Threshold Amount: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "A key feature of the {{isdaprov|Cross Default}} {{isdaprov|Event of Default}} in the {{isdama}}. This is the level over which accumulated indebtedness defaults comprise an...") |
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Revision as of 12:57, 31 December 2020
A key feature of the Cross Default Event of Default in the ISDA Master Agreement. This is the level over which accumulated indebtedness defaults comprise an Event of Default. Because of the snowball effect that a cross default clause can have, it needs to be high. for a bank, typically 2 or 3% of shareholder’s equity or USD100,000,000 - for a fund an equivalent portion of NAV.