Credit Support Default Event

From Open Risk Manual


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


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