The Jolly Contrarian

Template:M summ 2002 ISDA 5(a)(iii): Difference between revisions

Template Discussion

Template:M summ 2002 ISDA 5(a)(iii) (view source)

Revision as of 15:36, 26 December 2023

609 bytes removed ,  26 December 2023
Replaced content with "{{isda 5(a)(iii) summ|isdaprov}}"
(Created page with "Note the charming contingency that {{icds}} allows that a counterparty might default under a credit assurance offered by someone else altogether. Before you even put your han...")
 
(Replaced content with "{{isda 5(a)(iii) summ|isdaprov}}")
Tag: Replaced
 
(8 intermediate revisions by the same user not shown)
Line 1: Line 1:
Note the charming contingency that {{icds}} allows that a counterparty might default under a credit assurance offered by someone else altogether.
{{isda 5(a)(iii) summ|isdaprov}}
 
Before you even put your hand up: no, a [[Credit Support Annex]] between the two counterparties is ''not'' a {{isdaprov|Credit Support Document}}, at least under the English law construct: there it is a “{{isdaprov|Transaction}}” under the {{isdama}}. It is somewhat different with a {{1994csa}}, but even there the User Guide cautions against treating a direct swaap counterparty as a “{{isdaprov|Credit Support Provider}}” — the Credit Support Provider is meant to be a third party.
Retrieved from "https://jollycontrarian.com/index.php?title=Special:MobileDiff/40660...81327"