Template:Dust capsule: Difference between revisions

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	{{{{{1}}}\|DUST}} is ''like'' {{{{{1}}}\|Cross Default}}, but where {{{{{1}}}\|Cross Default}} references indebtedness owed to third parties, {{{{{1}}}\|DUST}} is all about ''non''-“borrowing” style transactions — e.g., [[swap\|swap agreements]], [[stock loan]]s<ref>I know these ''sound'' like borrowing transactions, but they’re fully collateralised, and in fact aren’t.</ref> and [[repo]]s, '''but only transactions between the two counterparties'''<ref>And — sigh — their Credit Support Providers and Specified Entities.</ref>.		{{{{{1}}}\|DUST}} is ''like'' {{{{{1}}}\|Cross Default}}, but where {{{{{1}}}\|Cross Default}} references indebtedness owed to third parties, {{{{{1}}}\|DUST}} is all about ''non''-“borrowing” style transactions — e.g., [[swap\|swap agreements]], [[stock loan]]s<ref>I know these ''sound'' like borrowing transactions, but they’re fully collateralised, and in fact aren’t.</ref> and [[repo]]s, '''but only transactions between the two counterparties'''<ref>And — sigh — their Credit Support Providers and Specified Entities.</ref>.

	If a [[Counterparty]]<ref>Or — sigh — its ~~{{{{{1}}}\|~~Credit Support Provider}} or ~~{{{{{1}}}\|~~Specified Entity}}</ref> experiences an {{{{{1}}}\|Event of Default}} under a [[swap]] agreement (or other “{{{{{1}}}\|Specified Transaction}}”<ref>This is typically wide, though it excludes [[borrowed money]] — but check the Agreement!</ref> with you, this will be an {{{{{1}}}\|Event of Default}} under the {{isdama}}.		If a [[Counterparty]]<ref>Or — sigh — its Credit Support Provider or Specified Entity</ref> experiences an {{{{{1}}}\|Event of Default}} under a [[swap]] agreement (or other “{{{{{1}}}\|Specified Transaction}}”<ref>This is typically wide, though it excludes [[borrowed money]] — but check the Agreement!</ref> with you, this will be an {{{{{1}}}\|Event of Default}} under the {{isdama}}.