From The Jolly Contrarian
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| {{g}}Essentially a synthetic form of an {{isdaprov|Event of Default}} on a specified “reference obligation”, a [[credit event]] is the trigger event under a [[credit derivative]], justifying payout under a [[credit default swap]]. Once upon a time, being a [[2003 ISDA Credit Derivative Definitions|credit derivative]]s expert was very, very sexy: since the middle of 2007, it has been more of a dark stain, buried deep on your CV, that only comes out late at night when you are deep into the whiskey, the bitter tears flow about how it might have been, as an immediate prelude to transgressing the [[Schwarzschild radius of alcohol consumption]], whereupon the pain goes away, everything goes fuzzy and you atomise into the background [[Entropy|entropic]] radiation of the [[boredom heat-death]] of the universe.
| | #redirect[[Credit Events - Credit Derivatives Provision]] |
| {{sa}}
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| *{{isdaprov|Credit Event Upon Merger}} under the {{isdama}}
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| *[[2003 ISDA Credit Derivative Definitions]]
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| *[[Entropy]]
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Latest revision as of 16:02, 12 May 2023