Template:Isda 3(a) general: Difference between revisions

no edit summary
No edit summary
No edit summary
 
Line 2: Line 2:
'''“any {{{{{1}}}|Credit Support Document}} to which it is a party”''': Business at the front; party at the back.  
'''“any {{{{{1}}}|Credit Support Document}} to which it is a party”''': Business at the front; party at the back.  


Now given that a {{{{{1}}}|Credit Support Document}} will generally be a deed of [[guarantee]], [[letter of credit]] or some other third party form of credit assurance from a, you know, ''third party'' to which a Party in whose favour it is provided will not ''be'' a “party” — and no, an {{csa}} is ''not'' a {{{{{1}}}|Credit Support Document}}, however much it might ''sound'' like one<ref>Of course, the {{nycsa}} ''is'' a {{{{{1}}}|Credit Support Document}}. Because it just is.</ref>, one might wonder what the point would be of mentioning, in this sub-section, {{{{{1}}}|Credit Support Document}}s to which a {{{{{1}}}|Party}} is ''party''.
Now given that a {{{{{1}}}|Credit Support Document}} will generally be a deed of [[guarantee]], [[letter of credit]] or some other third party form of credit assurance from a, you know, ''third party'' to which a Party in whose favour it is provided will not ''be'' a “party” — and no, an {{csa}} is ''not'' a {{{{{1}}}|Credit Support Document}}, however much it might ''sound'' like one<ref>Of course, the {{nycsa}} ''is'' a Credit Support Document. Because it just is.</ref>, one might wonder what the point would be of mentioning, in this sub-section, {{{{{1}}}|Credit Support Document}}s to which a {{{{{1}}}|Party}} is ''party''.


Well — and this might come as a surprise if you’re an [[ISDA ingénue]]; old lags won’t bat an eyelid — there isn’t much point.
Well — and this might come as a surprise if you’re an [[ISDA ingénue]]; old lags won’t bat an eyelid — there isn’t much point.