Default - CSA Provision

Paragraph 6 Default

{{ISDA English Law Credit Support Annex {{{2}}} 6}}
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Discussion

Consider expanding of the Default provision under Paragraph 6 of the CSA to include Termination Events where all Transactions are Affected Transactions. This is as per Section 3.2 of the 2001 ISDA Margin Provisions in which it is recommended that Paragraph 6 of the CSA should apply where all transactions are closed out resulting from of an Event of Default or Specified Condition. Specified Condition is defined to include the Termination Events listed under the ISDA Master Agreement. It is likely that all transactions would be Affected Transactions should a Credit Event Upon Merger or Additional Termination Event occur.

CSA Anatomy™ Go Premium {{{2}}} Resources Full wikitext | Nutshell wikitext English Law | 1 Interpretation | 2 Credit Support Obligations | 3 Transfers, Calculations and Exchanges | 4 Dispute Resolution | 5 Transfer of Title, No Security Interest, Distributions and Interest Amount | 6 Default | 7 Representation | 8 Expenses | 9 Miscellaneous | 10 Definitions | 11 Elections and Variables · Base Currency and Eligible Currency · Credit Support Obligations · Valuation and Timing · Exchange Date · Dispute Resolution · Distributions and Interest Amount · Addresses for Transfers · Credit Support Offsets · Other CSA 2018 ISDA Credit Support Deed for Initial Margin Index: Click ᐅ to expand: CSA Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.