Mutual break: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: The Treasurer, April 2014, p35.) |
imported>Doug Williamson m (Added 1 line space before see also and category added) |
||
| Line 1: | Line 1: | ||
A mutual break is a break clause in a derivatives contract which provides for the release of both of the parties from further obligations under the contract, following the occurrence of a relevant event, such as decline in the creditworthiness of one of the parties. | A mutual break is a break clause in a derivatives contract which provides for the release of both of the parties from further obligations under the contract, following the occurrence of a relevant event, such as decline in the creditworthiness of one of the parties. | ||
== See also == | == See also == | ||
* [[Break clause]] | * [[Break clause]] | ||
* [[Credit break]] | * [[Credit break]] | ||
[[Category:Treasury_operations_infrastructure]] | |||
Latest revision as of 09:05, 7 April 2014
A mutual break is a break clause in a derivatives contract which provides for the release of both of the parties from further obligations under the contract, following the occurrence of a relevant event, such as decline in the creditworthiness of one of the parties.
