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Default - CSA Provision: Difference between revisions
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{{1995 CSA Section 6 TOC}} | {{1995 CSA Section 6 TOC}} | ||
{{csasnap|6}} | {{csasnap|6}} | ||
====Discussion=== | ====Discussion==== | ||
Consider expanding of the Default provision under Paragraph {{csaprov|6}} of the {{tag|CSA}} to include Termination Events 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. Specified Condition is defined to include the {{isdaprov|Termination Events}} listed under the {{isdama}}. It is likely that all transactions would be {{isdaprov|Affected Transactions}} should a {{isdaprov|Credit Event Upon Merger}} or {{isdaprov|Additional Termination Event}} occur. | Consider expanding of the Default provision under Paragraph {{csaprov|6}} of the {{tag|CSA}} to include Termination Events 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. Specified Condition is defined to include the {{isdaprov|Termination Events}} listed under the {{isdama}}. It is likely that all transactions would be {{isdaprov|Affected Transactions}} should a {{isdaprov|Credit Event Upon Merger}} or {{isdaprov|Additional Termination Event}} occur. | ||
{{csaanatomy}} | {{csaanatomy}} | ||