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Credit Support Default - ISDA Provision: Difference between revisions
Credit Support Default - ISDA Provision (view source)
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Note the charming contingency thast ISDA allows that the counterparty might default under a credit assurance offered by someone else altogether. | Note the charming contingency thast ISDA allows that the counterparty might default under a credit assurance offered by someone else altogether. | ||
Before you even put your hand up: no, | Before you even put your hand up: no, a [[Credit Support Annex]] between the two counterparties is ''not'' a {{isdaprov|Credit Support Document}}. It is a {{isdaprov|Transaction}} under the {{isdama}}. | ||