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Template:Isda 6(b) summ: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "There is a difference between {{{{{1}}}|Termination Event}}s that are ''non''-catastrophic, and usually ''{{{{{1}}}|Transaction}}''-specific, and those that ''are'' catastrophic, which are usually ''counterparty'' specific. Non-catastrophic ones affecting just a subset of {{{{{1}}}|Transaction}}s might be caused by, say, a {{{{{1}}}|Tax Event}} or a local {{{{{1}}}|Illegality}}, but in any weather do not concern the solvency, creditworthi...") |
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Thus, in the drafting of ISDA Schedules, CSAs and so on, you will often find laboured reference to {{{{{1}}}|Events of Default}} [[and/or]] {{{{{1}}}|Termination Events}} which lead to {{{{{1}}}|Early Termination Date}}s ''with respect to all outstanding {{{{{1}}}|Transaction}}s'' as some kind of special, hyper-exciting, class of {{{{{1}}}|Termination Event}}. | Thus, in the drafting of ISDA Schedules, CSAs and so on, you will often find laboured reference to {{{{{1}}}|Events of Default}} [[and/or]] {{{{{1}}}|Termination Events}} which lead to {{{{{1}}}|Early Termination Date}}s ''with respect to all outstanding {{{{{1}}}|Transaction}}s'' as some kind of special, hyper-exciting, class of {{{{{1}}}|Termination Event}}. | ||
Lucky {{premium}} subscribers get a lot more discussion about the practical implications of all the above and a table comparing the events. | |||