Template:Isda Additional Termination Event summ: Difference between revisions

These are the ''other'' termination events your [[Credit officer|Credit department]] has dreamt up for this specific counterparty, that didn’t occur to the framers of the {{isdama}} — or, at any rate, weren’t sufficiently universal to warrant being included in the {{isdama}} for all. While the standard {{{{{1}}}|Termination Events}} tend to be “non-fault” events which justify termination of the relationship on economic grounds, but not on terms necessarily punitive to the {{{{{1}}}|Affected Party}}, Additional Termination Events are more “credity”, more susceptible of moral outrage, and as such more closely resemble {{{{{1}}}|Events of Default}} than {{{{{1}}}|Termination Events}}.

There is a school of thought that Additional Termination Events better serve the interests of the [[Negotiator|Ancient Guild of Contract Negotiators]] and the [[Credit officer|Worshipful Company of Credit Officers]] than they do the shareholders of the institutions for whom these artisans practise their craft, for in these days of [[Threshold - CSA Provision|zero-threshold]] [[CSA|CSAs]], the real credit protections in the {{isdama}} are the standard {{{{{1}}}|Events of Default}} (especially {{{{{1}}}|Failure to Pay or Deliver}} and {{{{{1}}}|Bankruptcy}}).