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{{g}}''For the {{isdama}} provision specifically see {{isdaprov|Default Under Specified Transaction}}''<br> | |||
[[DUST]] | A [[default under specified transaction]], or “[[DUST]]”, is a concept native to the {{isdama}} but which you may see in other master trading documentation (but not a {{gmsla}} or a {{gmra}}). [[DUST]] gives a fellow the right to terminate the master trading agreement upon a default by {{sex|her}} [[counterparty]] under one or more transactions documented under ''different'' {{tag|Master Agreements}} ''between you and that same counterparty''. | ||
Compare and contrast with [[cross default]], which allows you to terminate your master agreement when the counterparty defaults under indebtedness ''to a third party'' (not you). | |||
{{sa}} | |||
*[[Cross default]] | *[[Cross default]] | ||
*{{isdaprov|Default Under Specified Transaction}} (ISDA) | *{{isdaprov|Default Under Specified Transaction}} (ISDA) | ||
*[[Event of default]] | *[[Event of default]] | ||
{{ref}} | |||
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