Affiliate - ISDA Provision
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Affiliate in a Nutshell™ (2002 ISDA edition)
An “Affiliate” of an entity is another entity that controls, is controlled by, or is under common control with, that entity, where to “control” means to own a majority of an entity’s voting power.
The definitions are identical between the 1992 ISDA and the 2002 ISDA.
A potentially wide definition which could include, for example, special purpose vehicles whose shareholding is owned by the same corporate service provider, or separate stand-alone hedge funds managed by the same administrator or investment manager.