Affiliate - ISDA Provision: Difference between revisions

Affiliate - ISDA Provision (view source)

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-=={{1992ma}}==
+{{manual|MI|2002|Affiliate|Section|Affiliate|short}}
- "'''Affiliate'''" means, subject to the Schedule, in relation to any person, any entity controlled, directly or
- indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or
- indirectly under common control with the person. For this purpose, "control" of any entity or person means
- ownership of a majority of the voting power of the entity or person.
-==Commentary==
-A potentially wide definition which could include, for example, [[special purpose vehicle]]s whose shareholding is owned by the same corporate service provider, or separate stand-alone hedge funds managed by the same administrator or investment manager.
-{{isdaanatomy}}