Notifying Party
Definition
Notifying Party. The party which is able to issue formal notices indicating that a Credit Event has taken place, by means of a credit event notice.
If more than one party is referenced as being the notifying party (in the CDS contract) then either party may notify the other of a credit event occurring. That is, this party may be either party to the CDS Contract. ISDA 2003 Term: Notifying Party. FpML Full Definition: 'Pointer style references to a party identifier defined elsewhere in the document. The notifying party is the party that notifies the other party when a credit event has occurred by means of a credit event notice. If more than one party is referenced as being the notifying party then either party may notify the other of a credit event occurring. ISDA 2003 Term: Notifying Party.'
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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