Hotel California: Difference between revisions

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(Created page with "A similar state to the one you get in when you sign an {{isdama}}, because there is no no-fault termination right under it. So you can check out (not trade, let your expos...")
 
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A similar state to the one you get in when you sign an {{isdama}}, because there is no [[no-fault termination]] right under it. So you can check out (not trade, let your exposures roll off) but you can never leave (unless your counterparty commits an {{isdaprov|Event of Default}} or {{isdaprov|Termination Event}} — and even then you are terminating all transactions and not the agreement itself.
{{g}}A similar state to the one you get in when you sign an {{isdama}}, because there is no [[no-fault termination]] right under it. So you can check out (not trade, let your exposures roll off) but you can never leave (unless your counterparty commits an {{isdaprov|Event of Default}} or {{isdaprov|Termination Event}} — and even then you are terminating all transactions and not the agreement itself.
 
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*[[Undead ISDA]]
*{{isdaprov|Early Termination}} under the {{isdama}}
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