Home
Random
Log in to free JC
Settings
About The Jolly Contrarian
Disclaimers
The Jolly Contrarian
Search
Template
:
Isda 5(a) premium
Language
Watch
View source
Revision as of 13:54, 5 September 2024 by
Amwelladmin
(
talk
|
contribs
)
(
diff
)
← Older revision
| Latest revision (diff) | Newer revision → (diff)
Bankruptcy and Failure to Pay
Cashflow insolvency
Beware AET
Non-Bankruptcy close-out monkey business
Differences between a CDS Failure to Pay and an ISDA Section 5(a)(i) Failure to Pay or Deliver
Payments satisfied other ways
Failure to Pay or Deliver carve-out
It is an Event of Default not to supply documents for delivery
Paranoia alert
: the unusually, and unwantedly, long reach this Event of Default gives to your Cross Default provision.
How material is “material”?
Representations by agents on agent’s own behalf
: the curious Mœbius loop of agency representing, on behalf of its principal, that it is not acting as agent.
Things you could ask an agent to represent
Due appointment, authority etc.
Loss of manager’s regulatory status, good standing etc
Acceleration, not default
Default under any Specified Transaction, and the question of overreach
Final payments
Differences between Cross Default and DUST
Payment acceleration versus delivery acceleration — mini close-out
What if I “jump the gun”?
DUST as the quintessential negotiation oubliette
On the danger to dealers of Cross Default
The Threshold Amount
: differences between editions
Specified Indebtedness
: Derivatives, stock loans and repo, initial margin
DUST v Cross Default
Mind your Automatic Early Termination
If you are in a hurry
In full
And “all or substantially all” means what exactly?
Bankruptcy vs MWA