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Template:M summ 2002 ISDA 5(a)(i): Difference between revisions
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===CSAs=== | ===CSAs=== | ||
There’s a technical funny due to the American habit of insisting on a pledge-only {{nycsa}} and then designating it as a {{isdaprov|Credit Support Document}} (against the hopes and dreams of {{icds}} when it drafted the user guide, but still), and that is a failure to pay under an English law CSA is a Section {{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}}, whereas a failure to pay under a New York Law CSA is a Section {{isdaprov|5(a)(iii)}} {{ | There’s a technical funny due to the American habit of insisting on a pledge-only {{nycsa}} and then designating it as a {{isdaprov|Credit Support Document}} (against the hopes and dreams of {{icds}} when it drafted the user guide, but still), and that is a failure to pay under an English law CSA is a Section {{isdaprov|5(a)(i)}} {{isdaprov|Failure to Pay or Deliver}}, whereas a failure to pay under a New York Law CSA is a Section {{isdaprov|5(a)(iii)}} {{isdaprov|Credit Support Default}}. | ||
Funny old world we live in. | Funny old world we live in. | ||