Transaction - ISDA Provision: Difference between revisions

Transaction - ISDA Provision (view source)

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-==={{1992ma}}===
+{{anat|isda}}
-Not defined in Part 14 as such, but defined in the preamble as:
+What exactly counts as a Transaction under an {{isdama}} is a matter of some moment, because it will determine what you need to take into account when applying close-out netting, and (unless you’ve specified a narrower range of {{csaprov|Covered Transaction}}s) the values you need to calculate when making {{tag|collateral}} calls under a {{csa}}.
-{{quote|... one or more transactions (each a “{{isdaprov|Transaction}}”) that are or will be governed by this [[Master Agreement]].}}
+Unusually, for a document so outrageously verbose in most other respects, the {{isdama}} has little to say on the subject, the {{1992isda}} leaving it entirely to the {{isdaprov|preamble}}:
+{{quote|... one or more transactions (each a “{{isdaprov|Transaction}}”) that are or will be governed by this {{isdaprov|Master Agreement}}.}}
+And the {{2002ma}} not going much further.
-==={{2002ma}}===
+{{quote|“{{isdaprov|Transaction}}” has the meaning specified in the {{isdaprov|preamble}}.}}
-{{quote|“{{isdaprov|Transaction}}” has the meaning specified in the preamble.}}
-==={{eqdefs}}===
+The {{eqdefs}} also define “{{eqderivprov|Transaction}}”, to no apparent point.
-The {{eqdefs}} also define "{{eqderivprov|Transaction}}", to no apparent point.
 {{eqderivsnap|Transaction}}
-{{anat|isda}}