Threshold Amount - ISDA Provision: Difference between revisions

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Revision as of 19:44, 12 January 2020 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits No edit summary ← Older edit		Latest revision as of 18:49, 5 January 2024 view source Amwelladmin (talk \| contribs) Bureaucrats, Interface administrators, Administrators 88,424 edits Changed redirect target from Cross Default - ISDA provision to Cross Default - ISDA Provision Tag: Redirect target changed
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	~~{{isdaanat\|Threshold Amount}}~~		#redirect[[Cross Default - ISDA Provision]]
	~~A key feature of the {{isdaprov\|Cross Default}} {{isdaprov\|Event of Default}} in the {{isdama}}. This is the level over which accumulated~~ [[~~indebtedness]] defaults comprise an {{isdaprov\|Event of~~ Default~~}}. Because of the [[snowball effect]] that a {{tag\|cross default}} clause can have, it needs to be high. for a bank, typically 2 or 3% of [[shareholder’s equity]] or USD100,000,000~~ - ~~for a fund an equivalent portion of [[NAV~~]].