Obligations Binding - ISDA Provision: Difference between revisions

Latest revision as of 23:56, 18 April 2020

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-{{isdaanat|3(a)(v)|1992|3(a)(v)}}
+#redirect[[Basic Representations - ISDA Provision]]
-===“any {{isdaprov|Credit Support Document}} to which it is a party”===
-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 {{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.
-But does anyone, other than the most insufferable pedant, really care? I mean why would you write a snippy wiki article about some fluffy but fundamentally harmless language, unless you were a ''stone cold bore''?
-Hang on: Why are you looking at me like that?
-{{sa}}
-*{{isdaprov|Credit Support Document}}
-{{ref}}