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Credit Support Document - ISDA Provision: Difference between revisions
Credit Support Document - ISDA Provision (view source)
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Should a client request a transaction-specific parental guarantee under an {{isdama}} instead of the usual “all obligations” guarantee of all obligations under the {{isdama}} and all transactions under it, escalate immediately. | Should a client request a transaction-specific parental guarantee under an {{isdama}} instead of the usual “all obligations” guarantee of all obligations under the {{isdama}} and all transactions under it, escalate immediately. | ||
We should *never* agree to the guarantee of individual {{isdaprov|Transaction}}s (or accepting [[letter of credit|Letters of Credit]] with respect to individual transactions) under an {{isdama}}. The reason relates to the way {{isdama}}s are closed out inder Section {{isdaprov|6(e)}}: | We should *never* agree to the {{isdaprov|guarantee}} of individual {{isdaprov|Transaction}}s (or accepting [[letter of credit|Letters of Credit]] with respect to individual {{isdaprov|transactions}}) under an {{isdama}}. The reason relates to the way {{isdama}}s are closed out inder Section {{isdaprov|6(e)}}: | ||
{{box|{{isdaq|6(e)(i)|2002}}}} | {{box|{{isdaq|6(e)(i)|2002}}}} | ||