Credit Support Default Event

From Open Risk Manual

Definition

Credit Support Default Event. Failure of some Credit Support Agreement.

Per ISDA Master Agreement a credit support defaul event may take one of the following forms

  • Failure to comply with some obligation under the Credit Support Agreement (after a suitable grace period has elapsed)
  • Expiration or Termination of Credit Support Agreement while it is still needed for the transactions it covers (i.e. not normal termination)
  • Disavowal or repudiation of the Credit Suport Agreement by one or other party to it.

See Also

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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