Innocent Party and Implicated Party - ISDA Provision: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) (Replaced content with "{{nman|isda|2002|Innocent Party and Implicated Party}}") Tag: Replaced |
||
(5 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
{{ | {{nman|isda|2002|Innocent Party and Implicated Party}} | ||
Latest revision as of 15:55, 2 February 2024
Overview
Summary
“Innocent Party” isn’t a sanctioned ISDA definition, but it damn well should be. It is the JC’s cheeky shorthand for “a Non-defaulting Party or a Non-affected Party, as the case may be”.
We suggest, weakly, that “a Defaulting Party or Affected Party, as the case may be”, might be better described as an “Implicated Party”.
But no one will listen, so this remains expanded ISDA universe fan fiction.
Premium content
Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics 👇
|
- JC’s “nutshell” summary of the clause
- Background reading and long-form essays