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Hotel California: Difference between revisions
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{{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. | {{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. Your [[undead ISDA]] remains, undead, the immortal seed of the [[Dark Lord of the Swaps]], gestating into the infinite blackness. | ||
{{sa}} | {{sa}} | ||
*[[Undead ISDA]] | *[[Undead ISDA]] | ||
*{{isdaprov|Early Termination}} under the {{isdama}} | *{{isdaprov|Early Termination}} under the {{isdama}} | ||
{{egg}} | {{egg}} | ||