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Borrowed money: Difference between revisions
→Scope of borrowed money
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Borrowed Money is the main difference in scope between {{isdaprov|Cross Default}} and {{isdaprov|Default under Specified Transaction}} - the former includes it, the latter (unless you monkey around with your definition) does not. | Borrowed Money is the main difference in scope between {{isdaprov|Cross Default}} and {{isdaprov|Default under Specified Transaction}} - the former includes it, the latter (unless you monkey around with your definition) does not. | ||
==Scope | ==Scope: does borrowed money extend to [[stock loan]] and [[repo]] obligations?== | ||
Borrowed money is not generally defined. You know it when you see it. Quoth that sage old ''eminence gris'' Simon Firth, in his book [http://www.amazon.co.uk/Derivatives-Law-Practice-Simon-Firth/dp/0421830204 Derivatives Law and Practice]: | Borrowed money is not generally defined. You know it when you see it. Quoth that sage old ''eminence gris'' Simon Firth, in his book [http://www.amazon.co.uk/Derivatives-Law-Practice-Simon-Firth/dp/0421830204 Derivatives Law and Practice]: | ||