Default - CSA Provision: Difference between revisions

{{csaanat|6}}

Consider expanding of the Default provision under Paragraph {{csaprov|6}} of the {{tag|CSA}} to include “{{isdaprov|Termination Event}}s where all {{isdaprov|Transactions}} are {{isdaprov|Affected Transaction}}s”. This is as per Section 3.2 of the 2001 ISDA Margin Provisions in which it is recommended that Paragraph {{csaprov|6}} of the {{tag|CSA}} should apply where all transactions are closed out resulting from of an {{isdaprov|Event of Default}} or “Specified Condition” — the latter of which is defined to include the {{isdaprov|Termination Events}} listed under the {{isdama}}.  It is likely that all {{isdaprov|Transaction}}s would be {{isdaprov|Affected Transactions}} should a {{isdaprov|Credit Event Upon Merger}} or {{isdaprov|Additional Termination Event}} occur.