Template:Isda Affected Transactions comp: Difference between revisions

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(Created page with "The provisions are identical but for reference to the newly added {{isdaprov|Force Majeure}} {{isdaprov|Termination Event}} and also a cheeky caveat relating to an {{{{{1}}}|I...")
 
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The provisions are identical but for reference to the newly added {{isdaprov|Force Majeure}} {{isdaprov|Termination Event}} and also a cheeky caveat relating to an {{{{{1}}}|Illegality}} or {{isdaprov|Force Majeure}} which affects only the {{{{{1}}}|Credit Support Document}}, and here the “leave no detail, however [[tiresome]], unconsidered” department of {{icds}} caters for the eventuality that your {{{{{1}}}|Credit Support Document}} provides [[credit support]] for some, but not, all {{isdaprov|Transaction}}s.
The provisions are identical but for reference to the newly added {{isdaprov|Force Majeure}} {{isdaprov|Termination Event}} and also a cheeky caveat relating to an {{{{{1}}}|Illegality}} or {{isdaprov|Force Majeure}} which affects only the {{{{{1}}}|Credit Support Document}}, and here the “leave no detail, however [[tiresome]], unconsidered” department of {{icds}} caters for the eventuality that your {{{{{1}}}|Credit Support Document}} provides [[credit support]] for some, but not, all {{isdaprov|Transaction}}s.
 
Seeing how third party [[credit support]] generally works under an {{isdama}} — it only comes into play once {{{{{1}}}|Transaction}}s have been closed out, and there ''are'' no Transactions left, Affected or otherwise<ref>The notable exception being a [[New York law]] [[Credit Support Annex]] of course.</ref> this does seem a rather fussy detail; all the more so now in the age of regulatory [[variation margin]]. I mean, who provides [[credit support]] for individual {{isdaprov|Transaction}}s under a master agreement specifically designed to achieve cross-transactional [[closeout netting]]?
 
Hold your letters: I am sure you can think of some reason.

Latest revision as of 16:13, 5 January 2024

The provisions are identical but for reference to the newly added Force Majeure Termination Event and also a cheeky caveat relating to an {{{{{1}}}|Illegality}} or Force Majeure which affects only the {{{{{1}}}|Credit Support Document}}, and here the “leave no detail, however tiresome, unconsidered” department of ISDA’s crack drafting squad™ caters for the eventuality that your {{{{{1}}}|Credit Support Document}} provides credit support for some, but not, all Transactions.

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