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Cross acceleration - ISDA Provision: Difference between revisions
Cross acceleration - ISDA Provision (view source)
Revision as of 16:13, 4 September 2017
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Amwelladmin (talk | contribs) (Created page with "Like cross default, but it only arises when the non-defaulting partyhas actually accelerated the contract. Therefore it is a higher threshold: A less sensitive tri...") |
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{{fullanat|isda|5(a)(v)|2002}} | |||
Cross acceleration is like [[cross default]], but it only arises when the [[non-defaulting party]]has actually [[accelerated]] the contract. Therefore it is a higher threshold and a less sensitive trigger. | |||
You can amend {{isdaprov|Cross Default}} under the {{isdama}} to {{isdaprov|Cross Acceleration}} as follows: | |||