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{{{{{1}}}|Specified Indebtedness}} is a simple and innocuous enough provision. Almost redundant, you’d think — why go to the trouble of defining “[[borrowed money]]” as another term? (Answer: because many firms, in their wisdom, will wish to change the definition in the {{{{{1}}}|Schedule}} to include [[derivatives]], other trading exposures, things owed to their [[affiliate|affiliates]], or even any payment obligations of any kind, and for those people, “{{{{{1}}}|Specified Indebtedness}}” is a (somewhat) less loaded term. | {{{{{1}}}|Specified Indebtedness}} is a simple and innocuous enough provision. Almost redundant, you’d think — why go to the trouble of defining “[[borrowed money]]” as another term? (Answer: because many firms, in their wisdom, will wish to change the definition in the {{{{{1}}}|Schedule}} to include [[derivatives]], other trading exposures, things owed to their [[affiliate|affiliates]], or even any payment obligations of any kind, and for those people, “{{{{{1}}}|Specified Indebtedness}}” is a (somewhat) less loaded term. | ||