Template:M gen Equity Derivatives 12.6: Difference between revisions
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For {{eqderivprov|Insolvency}}, compare with the wider {{eqderivprov|Insolvency Filing}}, and the much wider {{isdaprov|Bankruptcy}} {{isdaprov|Event of Default}} in the {{isdama}}. | For {{eqderivprov|Insolvency}}, compare with the wider {{eqderivprov|Insolvency Filing}} under Section {{eqderivprov|12.9(a)(iv)}}, and the much wider {{isdaprov|Bankruptcy}} {{isdaprov|Event of Default}} in the {{isdama}}. | ||
{{insolvency versus insolvency filing}} | |||
Latest revision as of 11:14, 27 March 2020
For Insolvency, compare with the wider Insolvency Filing under Section 12.9(a)(iv), and the much wider Bankruptcy Event of Default in the ISDA Master Agreement.
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.