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Guarantee: Difference between revisions
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Consider providing for a lengthy notice period in such a termination period, which allows the [[beneficiary]] to adjust [[initial margin]] and precipitate a [[failure to pay]] (or rebase its [[credit support]] into tangible [[collateral]]). Alternatively make the termination of the [[master agreement]] a [[condition precedent]] to terminating the [[guarantee]]. | Consider providing for a lengthy notice period in such a termination period, which allows the [[beneficiary]] to adjust [[initial margin]] and precipitate a [[failure to pay]] (or rebase its [[credit support]] into tangible [[collateral]]). Alternatively make the termination of the [[master agreement]] a [[condition precedent]] to terminating the [[guarantee]]. | ||
{{ | {{sa}} | ||
*{{isdaprov|Credit Support Document}} | *{{isdaprov|Credit Support Document}} | ||
*[[Guarantees of the ISDA]] | *[[Guarantees of the ISDA]] | ||