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| {{isdasnap|Specified Indebtedness}}
| | #redirect[[Cross Default - ISDA Provision]] |
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| ==Commentary==
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| A simple and innocuous enough looking provision. Ahh, but what to make of the definition of [[borrowed money]]? Could it include [[repo]]? (No, according to Simon Firth - see [[borrowed money|here]])
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| Of particular interest in the debate on {{isdaprov|Cross Default}}. Please refer to that section for a fuller discussion. see also the somewhat clumsier (but materially similar) definition of {{efetprov|Specified Indebtedness}} in the {{efetma}}.
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| {{isdaanatomy}}
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