Default under specified transaction: Difference between revisions

Default under specified transaction (view source)

9 bytes removed , 16 August 2016

no edit summary

82,903

edits

@@ Line 1: / Line 1: @@
-A [[default under specified transaction]], or "[[DUST]]", is a concept native to the {{isdama}} but which you may see in other Master Trading Documentation (but not a {{gmsla}} or a {{gmra}}).
+A [[default under specified transaction]], or "[[DUST]]", is a concept native to the {{isdama}} but which you may see in other master trading documentation (but not a {{gmsla}} or a {{gmra}}).
-[[DUST]] provides a right to terminate the master trading agreement in which it features upon a default by your counterparty under one or more transactions documented under a ''different'' {{tag|master agreement}} ''between you and that same counterparty''.
+[[DUST]] provides a right to terminate the master trading agreement in which it features upon a default by your counterparty under one or more transactions documented under ''different'' {{tag|Master Agreements}} ''between you and that same counterparty''.
-It can be compared to [[cross default]], which allows you to terminate your {{tag|master agreement}} when the counterparty defaults under indebtedness ''to a third party'' (not you).
+It can be compared to [[cross default]], which allows you to terminate your master agreement when the counterparty defaults under indebtedness ''to a third party'' (not you).
 ===Differences between cross default and DUST===