Cross acceleration - ISDA Provision: Difference between revisions

Cross acceleration - ISDA Provision (view source)

309 bytes removed , 4 February

Replaced content with "{{nman|isda|2002|Cross acceleration}}"

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-{{fullanat|isda|5(a)(v)|2002}}
+{{nman|isda|2002|Cross acceleration}}
-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: