Garnishee order and International Swaps and Derivatives Association: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Added Lien to See also)
 
imported>Doug Williamson
(Mend link.)
 
Line 1: Line 1:
A court order that directs a person or entity who holds funds or assets for a debtor to withhold them from the debtor and release them to the debtor's creditor in order to pay off the debt.
(ISDA).  


For example, an order from a court forbidding a bank to release money that it holds in the account of one party for as long as that party owes money to a second party.   
The industry body responsible, among other things, for standardising swap documentation.   


The second party obtains the garnishee order and the bank is the garnishee.
The terms of swaps are normally governed by a minimum of two documents: a Master Agreement (often referred to simply as an ‘ISDA’) and a confirmation of the specific details of a particular trade (the ‘confirmation’).
 
 
The International Swaps and Derivatives Association was formerly the International Swap Dealers Association.  




== See also ==
== See also ==
* [[Bad debts]]
* [[Calculation agent]]
* [[Lein]]
* [[Collateral manager]]
* [[Credit default swap]]
* [[Credit support annex]]
*[[Global Financial Markets Association]]  (GFMA)
* [[ISDA Master Agreement]]
* [[ISDA/IIFM Tahawwut Master Agreement]]
* [[Valuation agent]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 16:02, 24 June 2022

(ISDA).

The industry body responsible, among other things, for standardising swap documentation.

The terms of swaps are normally governed by a minimum of two documents: a Master Agreement (often referred to simply as an ‘ISDA’) and a confirmation of the specific details of a particular trade (the ‘confirmation’).


The International Swaps and Derivatives Association was formerly the International Swap Dealers Association.


See also