Specified Entity - ISDA Provision: Difference between revisions
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Revision as of 22:24, 25 June 2012
Specified Entity in the 1992 ISDA
“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 ISDA Master Agreement which is designated in the relevant Schedule.
It is relevant to the definition of Cross Default and Default under Specified Transaction in that it widens the effect of those provisions to include defaults by the parties specified.