Failure to pay: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a| | {{g}}{{a|negotiation|}}The classic [[event of default]] in a financial {{csaprov|contract}}. There is no more profound indication that you may be unable to honour your obligations that the fact you have actually not done so. The exception is [[stock lending]] transactions, where the failure to lend {{gmslaprov|Securities}}, or return {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}, might be a result of ordinary market operation, where settlement failures are common, and one often relies on someone else — or a chain of someone elses — settling the necessary {{gmslaprov|Securities}} into you so you can settle them to your loan counterparty. | ||
{{sa}} | |||
*[[credit mitigation]] | *[[credit mitigation]] | ||
*{{isdaprov|Failure to pay}} - {{isda}} provision | *{{isdaprov|Failure to pay}} - {{isda}} provision | ||
*[[event of default]] | *[[event of default]] | ||
*{{gmslaprov|Failure to pay}} under the {{gmsla}}, {{gmslaprov|mini close-out}} and all that good stuff. | |||
Revision as of 11:59, 27 June 2019
|
|
Negotiation Anatomy™
|
The classic event of default in a financial contract. There is no more profound indication that you may be unable to honour your obligations that the fact you have actually not done so. The exception is stock lending transactions, where the failure to lend Securities, or return Securities or Collateral, might be a result of ordinary market operation, where settlement failures are common, and one often relies on someone else — or a chain of someone elses — settling the necessary Securities into you so you can settle them to your loan counterparty.
See also
- credit mitigation
- Failure to pay - ISDA provision
- event of default
- Failure to pay under the 2010 GMSLA, mini close-out and all that good stuff.