Template:Csa Events of Default comp

From The Jolly Contrarian
Jump to navigation Jump to search

Transatlantic differences

Unlike the English law CSAs, the NY law CSAs, are not “Transactions” under the ISDA Master Agreement but separate Credit Support Documents. This means they need their own {{{{{1}}}|Events of Default}}, with grace periods, and cannot piggy-back off those in the ISDA Master Agreement.