Template:M summ 2018 CSD 13(j): Difference between revisions

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Just part of the voyage of utter destruction that is this {{imcsa}} experience: here the question of when a {{imcsdprov|Chargor}} (the person who posted it) can get its own {{imcsdprov|Posted Credit Support (IM)}} back. For reasons known only to itself, ISDA has elected to make this once the {{imcsdprov|Chargor}} has closed out {{isdama}}, but at a time before it has worked out whether it owes anything under it that the {{imcsdprov|Secured Party}} might want to be paid.
[[13(j) - IM CSD Provision|Just]] part of the voyage of utter destruction that is this {{imcsd}} experience: here the question of when a {{imcsdprov|Chargor}} (the person who posted it) can get its own {{imcsdprov|Posted Credit Support (IM)}} back. For reasons known only to itself, ISDA has elected to make this once the {{imcsdprov|Chargor}} has closed out {{isdama}}, but at a time before it has worked out whether it owes anything under it that the {{imcsdprov|Secured Party}} might want to be paid.
 
Don’t get me started about all this cooling off period nonsense.
 
Much more commentary at the broadly analogous {{imcsdprov|Secured Party Rights Event}} (which is the equivalent of this provision, only where you are triung to get your hands on the ''other'' guy’s {{imcsdprov|Posted Credit Support (IM)}}.

Latest revision as of 16:26, 18 March 2022

Just part of the voyage of utter destruction that is this 2018 English law IM CSD experience: here the question of when a Chargor (the person who posted it) can get its own Posted Credit Support (IM) back. For reasons known only to itself, ISDA has elected to make this once the Chargor has closed out ISDA Master Agreement, but at a time before it has worked out whether it owes anything under it that the Secured Party might want to be paid.

Don’t get me started about all this cooling off period nonsense.

Much more commentary at the broadly analogous Secured Party Rights Event (which is the equivalent of this provision, only where you are triung to get your hands on the other guy’s Posted Credit Support (IM).

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