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===AET under the {{1987ma}}=== | ===AET under the {{1987ma}}=== | ||
Note the somewhat difficult position for AET under the {{1987ma}} - a fuller discussion at that article - which was part of the reason for the move to the {{1992ma}} | Note the somewhat difficult position for AET under the {{1987ma}} - a fuller discussion at that article - which was part of the reason for the move to the {{1992ma}} in the first place. | ||
==Analysis== | ==Analysis== | ||
Note that {{isdaprov|AET}} is only triggered by certain events under the {{isdaprov|Bankruptcy}} [[Events of Default - ISDA Provision|event of default]], and isn't triggered by {{isdaprov|Cross Default}} for example. | Note that {{isdaprov|AET}} is only triggered by certain events under the {{isdaprov|Bankruptcy}} [[Events of Default - ISDA Provision|event of default]], and isn't triggered by {{isdaprov|Cross Default}} for example. | ||
It only applies to formal bankruptcy events in the | It only applies to formal {{isdaprov|bankruptcy}} events in the jurisdiction, not “catastrophic credit events that are effectively as good bankruptcy” but which don't amount to formal bankruptcy events, for reasons that will become clear below. | ||
{{automaticearlytermination}} | {{automaticearlytermination}} | ||
{{seealso}} | |||
{{ | |||
*{{isdaprov|Right to Terminate Following Event of Default}} | *{{isdaprov|Right to Terminate Following Event of Default}} |