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Template:Isda 5(a)(v) comp: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "*'''{{isdaprov|Default under Specified Transaction}}''': {{isdaprov|DUST}} was expanded in five significant ways: *Defaults require the acceleration of just ''the'' {{isd...") |
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{{isdaprov|DUST}} has been expanded in five significant ways by the {{2002ma}}: | |||
*Defaults require the [[acceleration]] of just ''the'' {{isdaprov|Specified Transaction}} in question (for ''general'' defaults) but off ''all'' outstanding transactions under the relevant [[master agreement]] (for ''[[delivery]]'' defaults). This change was made with [[repo]]s and [[stock loan]]s in mind where delivery failures under are common and do not of themselves indicate weakness in the {{isdaprov|Defaulting Party}}’s creditworthiness. | *Defaults require the [[acceleration]] of just ''the'' {{isdaprov|Specified Transaction}} in question (for ''general'' defaults) but off ''all'' outstanding transactions under the relevant [[master agreement]] (for ''[[delivery]]'' defaults). This change was made with [[repo]]s and [[stock loan]]s in mind where delivery failures under are common and do not of themselves indicate weakness in the {{isdaprov|Defaulting Party}}’s creditworthiness. | ||
*{{isdaprov|DUST}} under the {{2002ma}} can be triggered by default under a [[credit support arrangement]] relating to a {{isdaprov|Specified Transaction}}. These weren’t included for the {{1992isda}} {{isda92prov|DUST}}. | *{{isdaprov|DUST}} under the {{2002ma}} can be triggered by default under a [[credit support arrangement]] relating to a {{isdaprov|Specified Transaction}}. These weren’t included for the {{1992isda}} {{isda92prov|DUST}}. | ||