Break clause: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer, May 2012, p19.) |
imported>Doug Williamson m (Added 1 line space before see also and category added) |
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For example, following a deterioration in the creditworthiness of one of the parties. | For example, following a deterioration in the creditworthiness of one of the parties. | ||
== See also == | == See also == | ||
* [[Derivative]] | * [[Derivative]] | ||
* [[Credit]] | * [[Credit]] | ||
[[Category:Treasury_operations_infrastructure]] | |||
Latest revision as of 09:02, 7 April 2014
A break clause is a clause in a derivatives contract or other contract which provides for the release of the parties from further obligations under the contract, following the occurrence of a relevant event.
For example, following a deterioration in the creditworthiness of one of the parties.
