82,891
edits
Template:M summ 2002 ISDA Specified Indebtedness: Difference between revisions
Template:M summ 2002 ISDA Specified Indebtedness (view source)
Revision as of 18:52, 19 March 2020
, 19 March 2020no edit summary
Amwelladmin (talk | contribs) (Created page with "A simple and innocuous enough provision. Almost redundant — why go to the trouble of defining borrowed money as another term? (Answer: because some firms, in their wisdo...") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 5: | Line 5: | ||
What of a failure to pay [[initial margin]]? Technicallty this is not the IM payer’s indebtedness — indeed when paid, it is the IM receiver’s indebtedness to the IM payer — so while it certainly comprises a failure to pay when due, the value of the {{isdaprov|Specified Indebtedness}} that failure contributes to the {{isdaprov|Threshold Amount}} might be nil, or even ''negative''. | What of a failure to pay [[initial margin]]? Technicallty this is not the IM payer’s indebtedness — indeed when paid, it is the IM receiver’s indebtedness to the IM payer — so while it certainly comprises a failure to pay when due, the value of the {{isdaprov|Specified Indebtedness}} that failure contributes to the {{isdaprov|Threshold Amount}} might be nil, or even ''negative''. | ||
See also the clumsier (but materially similar) definition of “{{efetprov|Specified Indebtedness}}” in the {{efetma}}. | |||