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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”=== | ===“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 | Business at the front; party at the back. | ||
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 Party in whose favour it is provided will not ''be'' 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''. | |||
Well — and this might come as a surprise, if you’re an [[ISDA ingénue]]; old lags won’t bat an eyelid — there isn’t much point. | Well — and this might come as a surprise, if you’re an [[ISDA ingénue]]; old lags won’t bat an eyelid — there isn’t much point. |