Margin lock-up: Difference between revisions

← Older edit

Margin lock-up (view source)

Revision as of 12:21, 15 January 2020

14 bytes removed , 15 January 2020

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,891

edits

@@ Line 1: / Line 1: @@
-{{a|pb|}}Notwithstanding all the [[Event of Default|apocalyptic rights]] I have given myself in our {{pbprov|prime brokerage agreement}}, I agree not to increase my [[initial margin]] requirements on any product or boost any of my [[interest rate|financing rates]] with out X days notice, or any of the apocalyptic events I mention in this here [[margin lock-up]] — let’s call these {{pbprov|Lockup termination event}}s — have come about.
+{{a|pb|}}Notwithstanding all the [[Event of Default|apocalyptic rights]] I have given myself in our {{pbprov|prime brokerage agreement}}, I agree not to increase my [[initial margin]] requirements on any product or boost any of my [[interest rate|financing rates]] with out X days notice, or any of the apocalyptic events I mention in this here [[margin lock-up]] — let’s call these [[lockup termination event]]s — have come about.
 ===Lockup termination events===
-{{pbprov|Lockup termination event}}s should be more sensitive than outright EODs and ATEs under the ISDA and PB docs. In practice, currently, they tend not to be.
+[[Lockup termination event]]s should be more sensitive than outright EODs and ATEs under the ISDA and PB docs. In practice, currently, they tend not to be.
 Seeing as outright [[Event of default|default]] justifies total [[close-out]] of the whole relationship; terminating a lockup — which is just really un-suspending legal rights you previously suspended — should be a far less drastic option: an intermediate step which becomes available well ahead of (and in part to help avoid) the “nuclear option” of deep-sixing the entire relationship.