Obligations Binding - ISDA Provision: Difference between revisions

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Business at the front; party at the back.  
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, an [[English law]] {{isdaprov|Credit Support Annex}} is ''not'' a {{isdaprov|Credit Support Document}}, however much it might ''sound'' like one<ref>Of course, the [[New York law]] {{isdaprov|Credit Support Annex}} ''is'' a {{isdaprov|Credit Support Document}}. Because it just is.</ref>, 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 Party in whose favour it is provided will not ''be'' a “party” — and no, an {{csa}} is ''not'' a {{isdaprov|Credit Support Document}}, however much it might ''sound'' like one<ref>Of course, the {{nycsa}} ''is'' a {{isdaprov|Credit Support Document}}. Because it just is.</ref>, 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.
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{{sa}}
{{sa}}
*{{isdaprov|Credit Support Document}}
*{{isdaprov|Credit Support Document}}
{{ref}}