Hotel California: Difference between revisions
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{{g}}A similar state to the one you get in when you sign an {{isdama}}, because there is no [[no-fault termination]] right under it. So you can check out (not trade, let your exposures roll off) but you can never leave (unless your counterparty commits an {{isdaprov|Event of Default}} or {{isdaprov|Termination Event}} — and even then you are terminating all transactions and not the agreement itself. | {{g}}A similar state to the one you get in when you sign an {{isdama}}, because there is no [[no-fault termination]] right under it. So you can check out (not trade, let your exposures roll off) but you can never leave (unless your counterparty commits an {{isdaprov|Event of Default}} or {{isdaprov|Termination Event}} — and even then you are terminating all transactions and not the agreement itself. Your [[undead ISDA]] remains, undead, the immortal seed of the [[Dark Lord of the Swaps]], gestating into the infinite blackness. | ||
{{sa}} | {{sa}} | ||
*[[Undead ISDA]] | *[[Undead ISDA]] | ||
*{{isdaprov|Early Termination}} under the {{isdama}} | *{{isdaprov|Early Termination}} under the {{isdama}} | ||
{{egg}} | {{egg}} | ||
Latest revision as of 14:35, 28 November 2019
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A similar state to the one you get in when you sign an ISDA Master Agreement, because there is no no-fault termination right under it. So you can check out (not trade, let your exposures roll off) but you can never leave (unless your counterparty commits an Event of Default or Termination Event — and even then you are terminating all transactions and not the agreement itself. Your undead ISDA remains, undead, the immortal seed of the Dark Lord of the Swaps, gestating into the infinite blackness.