Default - CSA Provision: Difference between revisions
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{{1995 CSA Section 6 TOC}} | {{1995 CSA Section 6 TOC}} | ||
{{csasnap|6}} | {{csasnap|6}} | ||
====Discussion=== | |||
Consider expanding of the Default provision under Paragraph {{csaprov|6}} of the {{tag|CSA}} to include Termination Events where all {{isdaprov|Transactions}} are {{isdaprov|Affected Transaction}}s. This is as per Section 3.2 of the 2001 ISDA Margin Provisions in which it is recommended that Paragraph {{csaprov|6}} of the {{tag|CSA}} should apply where all transactions are closed out resulting from of an {{isdaprov|Event of Default}} or Specified Condition. Specified Condition is defined to include the {{isdaprov|Termination Events}} listed under the {{isdama}}. It is likely that all transactions would be {{isdaprov|Affected Transactions}} should a {{isdaprov|Credit Event Upon Merger}} or {{isdaprov|Additional Termination Event}} occur. | |||
{{csaanatomy}} | {{csaanatomy}} | ||
Revision as of 15:35, 28 November 2012
Paragraph 6 Default
{{ISDA English Law Credit Support Annex {{{2}}} 6}}
([[Template:ISDA English Law Credit Support Annex {{{2}}} 6|View Template]])
=Discussion
Consider expanding of the Default provision under Paragraph 6 of the CSA to include Termination Events where all Transactions are Affected Transactions. This is as per Section 3.2 of the 2001 ISDA Margin Provisions in which it is recommended that Paragraph 6 of the CSA should apply where all transactions are closed out resulting from of an Event of Default or Specified Condition. Specified Condition is defined to include the Termination Events listed under the ISDA Master Agreement. It is likely that all transactions would be Affected Transactions should a Credit Event Upon Merger or Additional Termination Event occur. Replace with {{anat|csa}}