Credit break: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer April 2014, p35.) |
imported>Doug Williamson (Add link to Mutual break page.) |
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A credit break is a break clause in a derivatives contract which provides for the release of the parties from further obligations under the contract, following a deterioration in the creditworthiness of one of the parties. | A credit break is a break clause in a derivatives contract which provides for the release of one or both of the parties from further obligations under the contract, following a deterioration in the creditworthiness of one of the parties. | ||
== See also == | == See also == | ||
* [[Break clause]] | * [[Break clause]] | ||
* [[Mutual break]] | |||
[[Category:Credit_Risk]] | |||
[[Category:Managing_Risk]] | |||
Revision as of 18:19, 6 April 2014
A credit break is a break clause in a derivatives contract which provides for the release of one or both of the parties from further obligations under the contract, following a deterioration in the creditworthiness of one of the parties.
