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Transaction - ISDA Provision: Difference between revisions
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{{ | {{isdaanat|preamble}} | ||
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}}. | 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}}. | ||
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}}: | 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}}: | ||
:''... 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. | And the {{2002ma}} not going much further. | ||
:...''“{{isdaprov|Transaction}}” has the meaning specified in the {{isdaprov|preamble}}.'' | |||
The {{eqdefs}} also define “{{eqderivprov|Transaction}}”, to no apparent point. | The {{eqdefs}} also define “{{eqderivprov|Transaction}}”, to no apparent point. | ||
===[[Netting]]=== | ===[[Netting]]=== | ||