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===[[Guarantees]] and the {{isdama}}: why | ===[[Guarantees]] and the {{isdama}}: why [[Transaction-specific guarantee]]s don’t work=== | ||
Should a client request a {{{{{1}}}|transaction}}-specific parental {{{{{1}}}|guarantee}} (or [[letter of credit]]) for a {{{{{1}}}|Transaction}} under an {{isdama}} instead of the usual [[all obligations guarantee|“all obligations” guarantee]] of all the counterparty’s obligations under the {{isdama}}, hit the alarm button. | Should a client request a {{{{{1}}}|transaction}}-specific parental {{{{{1}}}|guarantee}} (or [[letter of credit]]) for a {{{{{1}}}|Transaction}} under an {{isdama}} instead of the usual [[all obligations guarantee|“all obligations” guarantee]] of all the counterparty’s obligations under the {{isdama}}, hit the alarm button. | ||