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| {{fullanat2|isda|preamble|1992|preamble|2002}}
| | #redirect[[Preamble - ISDA Provision]] |
| What exactly counts as a Transaction under an {{isdama}} is a matter of some moment, because it will determine what you need to take into account when applying close-out netting, and (unless you’ve specified a narrower range of {{csaprov|Covered Transaction}}s) the values you need to calculate when making {{tag|collateral}} calls under a {{csa}}.
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| Unusually, for a document so outrageously verbose in most other respects, the {{isdama}} has little to say on the subject, the {{1992isda}} leaving it entirely to the {{isdaprov|preamble}}:
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| {{quote|... one or more transactions (each a “{{isdaprov|Transaction}}”) that are or will be governed by this {{isdaprov|Master Agreement}}.}}
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| And the {{2002ma}} not going much further.
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| {{quote|“{{isdaprov|Transaction}}” has the meaning specified in the {{isdaprov|preamble}}.}}
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| The {{eqdefs}} also define “{{eqderivprov|Transaction}}”, to no apparent point.
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| {{eqderivsnap|Transaction}}
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Latest revision as of 07:28, 23 August 2024