Template:Cross default in securities financing agreements: Difference between revisions

To be clear: the omission of [[cross default]] from the standard [[SFT - SFTR Provision|SFT]] agreements ''was not an error''. It was deliberate. There is a certain stripe of [[Credit Officer]] who is not convinced of this, however, and may want to put one in. Does it do any harm? Well yes, actually: it creates [[contingent liquidity]] issues for your own treasury people, whom credit will routinely ignore when making their credit requests. And yes, from the perspective of production waste in the negotiation process: insisting on a cross default is, par excellence, the [[waste]] of {{wastearticle|over-processing}}.