82,882
edits
Narrowly-tailored credit event: Difference between revisions
Narrowly-tailored credit event (view source)
Revision as of 11:38, 5 February 2020
, 5 February 2020no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 5: | Line 5: | ||
This could trigger the unwind of credit protection, market disruption, panic on the streets and a slew of [[tedious]] [[silver circle law firm|silver circle]] client bulletins<ref>But nowhere near so [[tedious]] as their mountainous bulletins on [[regulatory margin]]. Enough already guys!</ref> | This could trigger the unwind of credit protection, market disruption, panic on the streets and a slew of [[tedious]] [[silver circle law firm|silver circle]] client bulletins<ref>But nowhere near so [[tedious]] as their mountainous bulletins on [[regulatory margin]]. Enough already guys!</ref> | ||
The answer was to build into the [[failure to pay]] definition the requirement for “credit deterioration” | The answer was to build into the [[failure to pay]] definition the requirement for “credit deterioration”. This is what the [[2019 Narrowly Tailored Credit Event Supplement to the 2014 ISDA Credit Derivatives Definitions]], which can be retrofitted to older models by means of the [[ISDA 2019 NTCE Protocol]], does. Implementation date expected to be 13 January 2020. | ||
{{sa}} | {{sa}} | ||