Threshold Amount - ISDA Provision: Difference between revisions

Latest revision as of 18:49, 5 January 2024

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	~~{{fullanat2\|isda\|Threshold Amount\|2002\|Threshold Amount\|1992}}~~		#redirect[[Cross Default - ISDA Provision]]
	~~A key feature of the Cross Default definition in the {{isdama}}. This is the level over which accumulated~~ [[~~indebtedness]] defaults comprise an {{isdaprov\|Event of~~ Default~~}}. Because of the [[snowball effect]] that a {{tag\|cross default}} clause can have, it needs to be high. for a bank, typically 2 or 3% of [[shareholder’s equity]] or USD100,000,000~~ - ~~for a fund an equivalent portion of [[NAV~~]]