Specified Transaction - ISDA Provision: Difference between revisions
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{{isdasnap|Specified Transaction Definition}} | {{isdasnap|Specified Transaction Definition}} | ||
==Commentary== | ==Commentary== | ||
The {{2002ma}} expands the basic definition of {{isdaprov|Specified Transaction}} to specifically include [[credit derivatives]], [[repo]], [[stock lending]], weather derivatives, [[NDF]]s and other commodities or similar transactions that is presently or in future becomes common in the financial markets. Note that Specified Transaction is amended in the Schedule to that 2002 standard, and additionally includes include "any futures transaction, prime brokerage transaction or margin lending transactions" which may be outside the wider scope of the {{2002ma}}. | The {{2002ma}} expands the basic definition of {{isdaprov|Specified Transaction}} to specifically include [[credit derivatives]], [[repo]], [[stock lending]], weather derivatives, [[NDF]]s and other commodities or similar transactions that is presently or in future becomes common in the financial markets. Note that Specified Transaction is amended in the Schedule to that 2002 standard, and additionally includes include "any futures transaction, prime brokerage transaction or margin lending transactions" which may be outside the wider scope of the {{2002ma}}. |
Revision as of 15:44, 19 July 2012
In gory detail
1992 ISDA |
2002 ISDA
NB - paragraph breaks do not appear in the printed form. |
Commentary
The 2002 ISDA expands the basic definition of Specified Transaction to specifically include credit derivatives, repo, stock lending, weather derivatives, NDFs and other commodities or similar transactions that is presently or in future becomes common in the financial markets. Note that Specified Transaction is amended in the Schedule to that 2002 standard, and additionally includes include "any futures transaction, prime brokerage transaction or margin lending transactions" which may be outside the wider scope of the 2002 ISDA.