Template:Isda 5(b)(v) comp: Difference between revisions

'''{{{{{1}}}|Credit Event Upon Merger}}''': The {{2002ma}} introduced the concept of the “{{isdaprov|Designated Event}}”, which was an attempt to define more forensically the sorts of corporate events that should be covered by CEUM. They are notoriously difficult to pin down. Even before the {{2002ma}} was published, it was common to upgrade the {{1992ma}} formulation to something resembling the glorious concoction that became Section {{isdaprov|5(b)(v)}} of the {{2002ma}}. The 1992 wording is a bit lame. On the other hand, you could count the number of times an {{isdama}} is closed out purely on account of {{isdaprov|Credit Event Upon Merger}} on the fingers of one hand, even if you had lost all the fingers on that hand to an industrial accident. So — yeah.