Template:Insolvency vs insolvency filing: Difference between revisions

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You may be forgiven for wondering what the difference is between “{{eqderivprov|Insolvency}}” — the normal {{eqderivprov|Adjustment Event}} from Section {{eqderivprov|12.6}} and the {{eqderivprov|Additional Adjustment Event}} known as “{{eqderivprov|Insolvency Filing}}”. It’s a good question that, we dare say, even {{icds}} would struggle to capably answer, but the reality is that this people tend to disapply {{eqderivprov|Insolvency Filing}}, as it is covered by other {{eqderivprov|Additional Disruption Events}} so this is the one that is important.
You may be forgiven for wondering what the difference is between “{{eqderivprov|Insolvency}}”, being the normal {{eqderivprov|Extraordinary Event}} from Section {{eqderivprov|12.6}}, and the {{eqderivprov|Additional Disruption Event}} called “{{eqderivprov|Insolvency Filing}}”.  
 
It’s a good question that, we dare say, even {{icds}} would struggle to capably answer, but the reality is that this people tend to disapply {{eqderivprov|Insolvency Filing}}, as it is covered by other {{eqderivprov|Additional Disruption Events}} so {{eqderivprov|Insolvency}} is the important one.

Latest revision as of 14:47, 27 March 2020

You may be forgiven for wondering what the difference is between “Insolvency”, being the normal Extraordinary Event from Section 12.6, and the Additional Disruption Event called “Insolvency Filing”.

It’s a good question that, we dare say, even ISDA’s crack drafting squad™ would struggle to capably answer, but the reality is that this people tend to disapply Insolvency Filing, as it is covered by other Additional Disruption Events so Insolvency is the important one.

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