交叉违约

试论国际银团贷款中的交叉违约条款

On the Cross - Default Clause of International Syndicated Loan

在发表的一则声明中，香港证券交易所称这可能会导致“交叉违约”。

In a statement to the Hong Kong Stock Exchange it said this could " lead to cross-default . "

而且，由于迪拜诡诈的债务人保护规定，他们也无法下达对其它国有资产的扣押令，或启动交叉违约。

Nor , thanks to quirky debtor protection in Dubai , can they slap attachment orders on other state-owned assets , or trigger cross-defaults .

为保护债权人的合法利益，国际银团贷款协议均规定保护性条款，交叉违约条款就是其中最重要内容之一。

In order to protect the creditors ' legal interest , protection clauses are all stipulated in the agreements of international syndicated loan . The cross-default clause is the most important one of them .

在这些不同的情况下，分别对纵向融资、横向融资和交叉融资的违约率进行建立模型并求解。

Then we build models for vertical-financing , horizontal-financing and cross-financing and give the solutions respectively .