83,229
edits
Template:M summ 2018 CSD 13(j): Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
Just part of the voyage of utter destruction that is this {{imcsd}} experience: here the question of when a {{imcsdprov|Chargor}} (the person who posted it) can get its own {{imcsdprov|Posted Credit Support (IM)}} back. For reasons known only to itself, ISDA has elected to make this once the {{imcsdprov|Chargor}} has closed out {{isdama}}, but at a time before it has worked out whether it owes anything under it that the {{imcsdprov|Secured Party}} might want to be paid. | [[13(j) - IM CSD Provision|Just]] part of the voyage of utter destruction that is this {{imcsd}} experience: here the question of when a {{imcsdprov|Chargor}} (the person who posted it) can get its own {{imcsdprov|Posted Credit Support (IM)}} back. For reasons known only to itself, ISDA has elected to make this once the {{imcsdprov|Chargor}} has closed out {{isdama}}, but at a time before it has worked out whether it owes anything under it that the {{imcsdprov|Secured Party}} might want to be paid. | ||
Don’t get me started about all this cooling off period nonsense. | |||
Much more commentary at the broadly analogous {{imcsdprov|Secured Party Rights Event}} (which is the equivalent of this provision, only where you are triung to get your hands on the ''other'' guy’s {{imcsdprov|Posted Credit Support (IM)}}. | |||