83,240
edits
Amwelladmin (talk | contribs) (Created page with "Note the contraction in scope brought about by the narrowly-tailored credit event annex. ===Differences with Section {{isdaprov|5...") Tags: Mobile edit Mobile web edit |
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
||
Line 1: | Line 1: | ||
[[4.5 - Credit Derivatives | [[4.5 - Credit Derivatives Provision|Note]] the contraction in scope brought about by the [[narrowly-tailored credit event]] annex. | ||
===Differences with Section {{isdaprov|5(a)(i)}}=== | ===Differences with Section {{isdaprov|5(a)(i)}}=== | ||
*'''Threshold''': There is a {{cddprov|Payment Obligation}} meaning that the payment has to exceed a threshold. Presumably one indicative of the Reference Entity’s general financial parlousness, but the parties are free to set it where they like. In this regard redolent of {{isdaprov|Cross Default}}. | *'''Threshold''': There is a {{cddprov|Payment Obligation}} meaning that the payment has to exceed a threshold. Presumably one indicative of the Reference Entity’s general financial parlousness, but the parties are free to set it where they like. In this regard redolent of {{isdaprov|Cross Default}}. | ||
*'''Agregation''': Also like {{isdaprov|Cross Default}}, it contemplates an aggregation of multiple failures perhaps under several {{cddprov|Obligations}}. Depending on how constrained your Obligations are — usually more so than {{isdaprov|Specified | *'''Agregation''': Also like {{isdaprov|Cross Default}}, it contemplates an aggregation of multiple failures perhaps under several {{cddprov|Obligations}}. Depending on how constrained your Obligations are — usually more so than {{isdaprov|Specified Indebtedness}}, which is usually [[borrowed money]] and may even be (unwisely, but still) widened from that. |