Failure to pay: Difference between revisions

{{g}}{{a|negotiation|}}The classic [[event of default]] in a financial {{csaprov|contract}}. There is no more profound indication that you may be unable to honour your obligations that the fact you have actually not done so. The exception is [[stock lending]] transactions, where the failure to lend {{gmslaprov|Securities}}, or return {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}, might be a result of ordinary market operation, where settlement failures are common, and one often relies on someone else — or a chain of someone elses — settling the necessary {{gmslaprov|Securities}} into you so you can settle them to your loan counterparty.