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Specified Entity - ISDA Provision: Difference between revisions
Specified Entity - ISDA Provision (view source)
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{{isdaprov|Specified Entity}} widens the scope of those provisions also to include defaults by {{isdaprov|Specified Entities}} under contracts with ''your'' {{isdaprov|Specified Entities}} - so there *is* some benefit to naming ''your'' affiliates, friends and relations as {{isdaprov|Specified Entities}}. But given how unlikely you are to be actually monitoring how a counterparty performs with an affiliate, it's more of a false comfort than a real one. | {{isdaprov|Specified Entity}} widens the scope of those provisions also to include defaults by {{isdaprov|Specified Entities}} under contracts with ''your'' {{isdaprov|Specified Entities}} - so there *is* some benefit to naming ''your'' affiliates, friends and relations as {{isdaprov|Specified Entities}}. But given how unlikely you are to be actually monitoring how a counterparty performs with an affiliate, it's more of a false comfort than a real one. | ||
{{ | {{sa}} | ||
*{{isdaprov|Specified Transaction}} | *{{isdaprov|Specified Transaction}} | ||
*{{isdaprov|Cross Default}} | *{{isdaprov|Cross Default}} | ||
*{{isdaprov|Default under Specified Transaction}} | *{{isdaprov|Default under Specified Transaction}} | ||