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Default under specified transaction: Difference between revisions
Default under specified transaction (view source)
Revision as of 16:41, 19 January 2015
, 19 January 2015→Differences between cross default and DUST
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===Differences between cross default and DUST=== | ===Differences between cross default and DUST=== | ||
*Cross default generally references indebtedbess; DUST references bilateral derivative and trading transactions whcih are not in the nature of indebtedness | *'''[[Cross default]]''' generally references indebtedbess; '''[[DUST]]''' references bilateral derivative and trading transactions whcih are not in the nature of indebtedness; | ||
*Cross default is only triggered once a certain | *'''[[Cross default]]''' is only triggered once a certain threshold amount of indebtedness is defaulted upon; '''[[DUST]]''' is triggered upon any breach; | ||
*Cross default references your counterparty owes to a third party; DUST references other obligations your counterparty owes you | *'''[[Cross default]]''' references your counterparty owes to a third party; '''[[DUST]]''' references other obligations your counterparty owes you. | ||
===See also=== | ===See also=== | ||