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...worthiness of the {{ietaprov|Requesting Party}} or any existing {{ietaprov|Credit Support Document}}). Each Party will then calculate the average of the quot

[[Minsky moment|Hyman Minsky]]’s “Minsky moment” comes at the end of a credit cycle which he sees as having five stages: *'''Profit-taking''': Smart people call the top of the market and sell

...that it warrants ''relaxing'' the firm’s ordinary, prudent, [[Credit risk|credit]] and [[market risk]] standards to the point of meaninglessness, on the pre ...''n big size''. It takes more risk. A ''LOT'' MORE RISK. A ''big'' client, taking ''big'' risks in ''big'' size, poses a ''big'' risk to its counterparties.

...I) the Value of any transfer of Eligible Credit Support (VM) or Equivalent Credit Support (VM), then: ...ird parties for purposes of calculating the relevant Close-out Amount, and taking the arithmetic average of those obtained; provided that, in either case, if

...or (II) the Value of any transfer of Eligible Credit Support or Equivalent Credit Support, then: ...Reference Market-makers for purposes of calculating Market Quotation, and taking the arithmetic average of those obtained; provided that if four quotations

...viving or transferee entity of X, after taking into account any applicable Credit Support Document, is materially weaker immediately after the occurrence of

...r (II) the Value of any Transfer of Eligible Credit Support (VM) or Posted Credit Support (VM), then: ...ird parties for purposes of calculating the relevant Close-out Amount, and taking the arithmetic average of those obtained; provided that, in either case, if

...}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}}, then:<br> ...ird parties for purposes of calculating the relevant Close-out Amount, and taking the arithmetic average of those obtained; provided that, in either case, if

...ansfers, [[reorganisation]], [[reincorporation]] or [[reconstitution]], or taking control of the company, or changing its [[capital structure]] — including ...negative credit exposure. Likewise, the stricture applies to all {{{{{1}}}|Credit Support Provider}}s and {{{{{1}}}|Specified Entities}}, so woe betide if on

...red Party as margin under any Other CSA (other than any Other CSA Excluded Credit Support)”. See this {{diff|85368|85364}}. ...he {{imcsd}}, being under English law with all its own peculiarities about taking security, and also not really contemplating [[rehypothecation]] and that st

...ny transfer of {{csaprov|Eligible Credit Support}} or {{csaprov|Equivalent Credit Support}}, then: ...rket-makers for purposes of calculating {{isdaprov|Market Quotation}}, and taking the arithmetic average of those obtained; provided that if four quotations

...uld you need one for an [[Guarantee|affiliate guarantee]], offered up as a credit support document for an {{isdama}} or other master trading arrangement. | '''Independence/other sureties'''|| Is it independent of any other credit support arrangement between the beneficiary and obligor and unaffected by a

...|Transfer}} of {{nycsaprov|Eligible Credit Support}} or {{nycsaprov|Posted Credit Support}}, then (1) the {{nycsaprov|Disputing Party}} will notify the other ...rket-makers for purposes of calculating {{isdaprov|Market Quotation}}, and taking the arithmetic average of those obtained; provided that if four quotations

...he posting party remains liable for it. This is all good standard security-taking stuff. ...initively — the {{{{{1}}}|Secured Party}} has to give the {{{{{1}}}|Posted Credit Support}} back.

===Relevance of Section {{isdaprov|6}} to the peacetime operation of the Credit Support Annex=== ...rov|6(e)(i)}} methodology following an {{isdaprov|Event of Default}}, only taking [[mid-market]] valuations and not those on the {{isdaprov|Non-Defaulting Pa

...lto:enquiries@jollycontrarian.com Drop me a line] if you are interested in taking up the cudgels — I like a good debate and I’m always prepared to be edu ...here you have found on here that you like, it would only be [[cricket]] to credit the site, with a link. If you use my material for commercial purposes I thi

(i) the counterparty is a credit institution listed in sub-paragraphs 1.4 (i), (ii) or (iii) of Notice UCITS ...terparty which is not a credit institution, the counterparty has a minimum credit rating of A-2 or equivalent, or is deemed by the UCITS to have an implied r

Usually, therefore, it is a means of taking out a swathe of mid-ranking [[subject matter experts]]. We of the [[Morloc ...ncy is one thing, but over what period should we measure superfluity? If [[Credit Suisse]] is any guide, it is [[Archegos|something like ''250 years'']].

...t is specified in clause (iv) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to clause 5(b)(v) belo ...n which payment, delivery or compliance is required by either party or any Credit Support Provider, as the case may be), on any day, or it would be unlawful

...{{gmsla}} in the first place — to avoid having to hold capital against the credit risk of your {{pgmslaprov|Lender}}s for the return of excess {{pgmslaprov|C ...a hill is just the point where jumpy Sir from the {{pgmslaprov|Lender}}’s credit sanctioning team will be hyperventillating, jumping up and down on the spot