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  • Monday, April 28, 2025
  • The Financial Encyclopedia
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Derivatives

  Derivatives   |   Terms
  • 422
  • February 12, 2023
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Affected Party

A counterparty to a swap agreement that has experienced a termination event such as illegality (change in any law or its interpretation), tax event, credit event upon merger, bankruptcy, etc.

Effective from the day on which early termination has been designated, the counterparties don’t have to make any payments or exchanges related to the transaction.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

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