|
|
(3 intermediate revisions by the same user not shown) |
Line 1: |
Line 1: |
| {{csaanat|6|1995}} | | {{Manual|MCAE|1995|6|Paragraph|7|short}} |
| {{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}}
| |