Cross acceleration - ISDA Provision: Difference between revisions

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{{fullanat|isda|5(a)(v)|2002}}
{{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.
{{cross acceleration capsule}}


You can amend {{isdaprov|Cross Default}} under the {{isdama}} to {{isdaprov|Cross Acceleration}} as follows:
You can amend {{isdaprov|Cross Default}} under the {{isdama}} to {{isdaprov|Cross Acceleration}} as follows: