Sovereign: Difference between revisions

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{{g}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories.
{{a|g|[[File:Percy and Queenie.png|450px|center|thumb|A [[sovereign]], yesterday]]}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories.


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Also one who might claim [[sovereign immunity]], a status likely to get all your resident [[chicken licken]]s squawking and gabbling, though in the context of a daily margined [[master trading agreement]], less of a drama than it might seem.  
Also one who might claim [[sovereign immunity]], a status likely to get all your resident [[chicken licken]]s squawking and gabbling, though in the context of a daily margined [[master trading agreement]], less of a drama than it might seem.  


Of course sovereigns are just the types to go "who's queen?" and refuse to provide you with [[credit support]].
Of course sovereigns are just the types to go "who’s queen?" and refuse to provide you with [[credit support]].


Or claim [[sovereign immunity]]; as to which there is more to say [[Waiver of immunities - ISDA Provision|elsewhere]].  
Or claim [[sovereign immunity]]; as to which there is more to say [[Waiver of immunities - ISDA Provision|elsewhere]].  

Revision as of 16:05, 23 April 2020

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A sovereign, yesterday
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One of ISDA’s vaunted netting categories.

Sovereign: A sovereign nation state recognized internationally as such, typically acting through a direct agency or instrumentality of the central government without separate legal personality, for example, the ministry of finance, treasury or national debt office. This category does not include a State of a Federal Sovereign or other political sub-division of a sovereign nation state if the sub-division has separate legal personality (for example, a Local Authority) and it does not include any legal entity owned by a sovereign nation state (see “Sovereign-owned entity”).
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Also one who might claim sovereign immunity, a status likely to get all your resident chicken lickens squawking and gabbling, though in the context of a daily margined master trading agreement, less of a drama than it might seem.

Of course sovereigns are just the types to go "who’s queen?" and refuse to provide you with credit support.

Or claim sovereign immunity; as to which there is more to say elsewhere.

See also