Threshold Amount - ISDA Provision: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
Tag: Redirect target changed
 
(6 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{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]].

Latest revision as of 18:49, 5 January 2024