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Obligations Binding - ISDA Provision: Difference between revisions
Obligations Binding - ISDA Provision (view source)
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{{isdaanat|3(a)(v)|1992|3(a)(v)}} | {{isdaanat|3(a)(v)|1992|3(a)(v)}} | ||
===“any {{isdaprov|Credit Support Document}} to which it is a party”=== | |||
Now given that a {{isdaprov|Credit Support Document}} will generally be a deed of [[guarantee]], [[letter of credit|Letter of Credit]] or some other third party form of credit assurance from a, you know, ''third party'' to which a {{isdaprov|Party}} in whose favour it is provided will not a “party” — and no, a {{isdaprov|Credit support Annex}} is ''not'' a {{isdaprov|Credit Support Document}}, however much it might ''sound'' like one, one might wonder what the point would be of mentioning, in this sub-section, {{isdaprov|Credit Support Document}}s to which a {{isdaprov|Party}} is ''party''. | Now given that a {{isdaprov|Credit Support Document}} will generally be a deed of [[guarantee]], [[letter of credit|Letter of Credit]] or some other third party form of credit assurance from a, you know, ''third party'' to which a {{isdaprov|Party}} in whose favour it is provided will not a “party” — and no, a {{isdaprov|Credit support Annex}} is ''not'' a {{isdaprov|Credit Support Document}}, however much it might ''sound'' like one, one might wonder what the point would be of mentioning, in this sub-section, {{isdaprov|Credit Support Document}}s to which a {{isdaprov|Party}} is ''party''. | ||
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Hang on: Why are you looking at me like that? | Hang on: Why are you looking at me like that? | ||
{{sa}} | |||
*{{isdaprov|Credit Support Document}} | |||