Cross acceleration and Cross currency deal: Difference between pages

Revision as of 15:34, 17 June 2016

A foreign exchange transaction where neither the base nor quoted currency is the USD (US Dollar).

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-''Loan documentation.''
+A foreign exchange transaction where neither the base nor quoted currency is the USD (US Dollar).
-A clause in a loan agreement.
-It states that the acceleration of a loan with any other lender, following an event of default under another loan agreement, is also an event of default under this agreement.
-It is designed for the benefit of the lender, to ensure that the lender will enjoy a 'seat at the table' in any refinancing negotiations with the defaulting borrower.
 == See also ==
-* [[Acceleration]]
+* [[Cross rates]]
-* [[Default]]
-* [[Event of default]]
-* [[Cross default]]
-* [[Financial covenant]]
-* [[Grace period]]
-* [[Loan agreement]]
-* [[Materiality]]
-* [[Waiver]]
-[[Category:Long_term_funding]]
-[[Category:Treasury_operations_infrastructure]]