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| {{fullanat|isda|Specified Entity|2002}} | | {{newisdamanual|Specified Entity}} |
| Note the reference in relation to (a) Section {{isdaprov|5(a)}} {{isdaprov|Termination Event}}s (like {{isdaprov|DUST}} for example), and (b) the "{{isdaprov|Absence of Litigation}}" representation in Section ''3(c)'' of the {{2002ma}}.
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| A {{isdaprov|Specified Enity}} is any affiliate (or, in theory at any rate, even a non-affiliate) of a counterparty to an {{isdama}} which is designated in the relevant Schedule.
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| It is relevant to the definition of {{isdaprov|Cross Default}} and {{isdaprov|Default under Specified Transaction}} in that it widens the effect of those provisions to include defaults by the parties specified.
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| ===Tricks for young players: nominating {{isdaprov|Specified Entities}} for yourself has its upsides===
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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.
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| {{seealso}}
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| *{{isdaprov|Specified Transaction}}
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| *{{isdaprov|Cross Default}}
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| *{{isdaprov|Default under Specified Transaction}}
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