Credit Support Default - ISDA Provision: Difference between revisions

Credit Support Default - ISDA Provision (view source)

343 bytes removed , 30 December 2023

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-{{isdaanat|5(a)(iii)}}
+{{newisdamanual|5(a)(iii)}}
-Note the charming contingency thast ISDA allows that the counterparty might default under a credit assurance offered by someone else altogether.
-Before you even put your hand up: no, a [[Credit Support Annex]] between the two counterparties is ''not'' a {{isdaprov|Credit Support Document}}. It is a {{isdaprov|Transaction}} under the {{isdama}}.