Specified Entity - ISDA Provision: Difference between revisions

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==Specified Entity in the {{1992ma}}==
{{newisdamanual|Specified Entity}}
 
“'''''Specified Entity'''''” has the meanings specified in the Schedule.
 
==Commentary==
A '''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.
 
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.
{{isdaanatomy}}
*{{isdaprov|Specified Transaction}}
*{{isdaprov|Cross Default}}
*{{isdaprov|Default under Specified Transaction}}