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Failure to pay: Difference between revisions
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{{a| | {{g}}{{a|negotiation|}}The classic [[event of default]] in a financial {{csaprov|contract}}. There is no more profound indication that you may be unable to honour your obligations that the fact you have actually not done so. The exception is [[stock lending]] transactions, where the failure to lend {{gmslaprov|Securities}}, or return {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}, might be a result of ordinary market operation, where settlement failures are common, and one often relies on someone else — or a chain of someone elses — settling the necessary {{gmslaprov|Securities}} into you so you can settle them to your loan counterparty. | ||
{{sa}} | |||
*[[credit mitigation]] | *[[credit mitigation]] | ||
*{{isdaprov|Failure to pay}} - {{isda}} provision | *{{isdaprov|Failure to pay}} - {{isda}} provision | ||
*[[event of default]] | *[[event of default]] | ||
*{{gmslaprov|Failure to pay}} under the {{gmsla}}, {{gmslaprov|mini close-out}} and all that good stuff. | |||