Each clearing member, parent undertaking or subsidiary of the clearing member may not provide more than 25%% of the credit lines needed by the CCP. 4. A CCP may require non-defaulting clearing members to provide additional funds in the event of a default of another clearing member.
In the event of a default, investors who bought the bonds would absorb the loss.
And banks wouldn't take 100 percent losses on their investments in the event of a default.
And a plunge in the market in event of a default.
"In the event of a default or near default, the dominoes are going to fall fast and hard".
But Ms. Bair worried that her agency — and ultimately taxpayers — would be left vulnerable in the event of a default.
"But banks do not lend against native title because native title is not transferable in the event of a default.
First Mortgage: A mortgage that has first claim to the secured property in the event of a default.
Investors are similarly sanguine about what's to come, having already marked their escape hatches in the event of a default.
He is not concerned, he said, because his holdings are first mortgage bonds, which have primary claim in the event of a default.
In the event of a default, they would not demand payment upfront, but would wait for export revenues to accumulate in special accounts.
