Additional Termination Event - ISDA Provision: Difference between revisions

There is a school of thought that this serves the interests of the [[Negotiator|Ancient Guild of Contract Negotiators]] and the [[Credit officer|Worshipful Company of Credit Officers]] more than it does the shareholders of the institutions for whom these people ply their trade, for in these days of [[Threshold - CSA Provision|zero-threshold]] [[CSA|CSAs]], the real credit protections in the ISDA are the standard {{isdaprov|Events of Default}} (especially {{isdaprov|Failure to Pay or Deliver}} and {{isdaprov|Bankruptcy}}). It’s a fair bet no-one in the organisation will have kept a record of how often you pulled NAV trigger. It may well be never. “Ahh”, your [[credit officer]] will say, “but it gets the counterparty to the negotiating table”.