What Are the Typical "Events of Default" Specified in the ISDA Agreement? ▴ Learn

What Are the Typical “Events of Default” Specified in the ISDA Agreement?

Events of Default are conditions that, if met, allow the non-defaulting party to terminate the agreement and trigger close-out netting. Common examples include failure to pay, bankruptcy or insolvency, failure to comply with collateral obligations, and misrepresentation.

These are crucial triggers for the legal mechanism that protects the non-defaulting party.

What Is the Risk to the Clearing House If a Member Fails to Pay Variation Margin?

What Constitutes a “Credit Event” That Would Trigger a CDS Payout?

How Does the Choice of Account Type Affect a Client’s Claim in a Broker Bankruptcy?

Define ‘Close-out Netting’ and Its Significance in an ISDA Master Agreement