Template:2014 ISDA Credit Derivatives Definitions 3.19

From The Jolly Contrarian
Jump to navigation Jump to search

Section 3.19 Solvency Capital Provisions. “Solvency Capital Provisions” means any terms in an obligation which permit the Reference Entity’s payment obligations thereunder to be deferred, suspended, cancelled, converted, reduced or otherwise varied and which are necessary in order for the obligation to constitute capital resources of a particular tier.