Default - CSA Provision: Difference between revisions

Default - CSA Provision (view source)

865 bytes removed , 3 January 2020

Replaced content with "{{csaanat|6|1995}} {{Csa default capsule|csa}} {{sa}} *{{isdaprov|Close-out Amount}} {{ref}}"

82,891

edits

@@ Line 1: / Line 1: @@
 {{csaanat|6|1995}}
 {{Csa default capsule|csa}}
-===Including “comprehensive” {{isdaprov|Termination Event}}s===
-Consider expanding of the {{csaprov|Default}} provision under Paragraph {{csaprov|6}} of the {{tag|CSA}} to include “{{isdaprov|Termination Event}}s where all {{isdaprov|Transactions}} are {{isdaprov|Affected Transaction}}s”. This is as per Section 3.2 of the 2001 ISDA Margin Provisions which recommend that Paragraph {{csaprov|6}} of the {{tag|CSA}} should apply where all {{isdaprov|Transactions}} are closed out following an {{isdaprov|Event of Default}} or “Specified Condition” — the latter of which is defined to include the {{isdaprov|Termination Events}} listed under the {{isdama}}.  It is likely that all {{isdaprov|Transaction}}s would be {{isdaprov|Affected Transactions}} should a {{isdaprov|Credit Event Upon Merger}} or {{isdaprov|Additional Termination Event}} occur.
 {{sa}}
 *{{isdaprov|Close-out Amount}}
 {{ref}}