View source for Template:Isda 6(f) summ

{{set off capsule}}
====A bit of a bish in the {{2002ma}}====
Set-off in the {{2002ma}} borrows from the text used to build it into the {{1992ma}} but still contains a rather elementary fluff-up: it imagines a world like our own, but where the {{{{{1}}}|Early Termination Amount}} is payable one way, while ''all'' {{{{{1}}}|Other Amounts}} are only payable the other. Life, [[as any fule kno]], is not always quite that convenient.

For example:
{{subtableflex|47|
{{{{{1}}}|Payer}} owes Payee an {{ETA}} of 10<br>
{{{{{1}}}|Payee}} owes {{{{{1}}}|Payer}} {{{{{1}}}|Other Amounts}} of 50<br>
----
Net: {{{{{1}}}|Payee}} owes {{{{{1}}}|Payer}} 40.
}}
But what if there are {{{{{1}}}|Other Amounts}} payable ''the same way'' as the {{{{{1}}}|Early Termination Amount}}? 
{{subtableflex|47|
{{{{{1}}}|Payer}} owes Payee an {{ETA}} of 10 <br>
{{{{{1}}}|Payer}} owes Payee {{{{{1}}}|Other Amounts}} of 40<br>
{{{{{1}}}|Payee}} owes {{{{{1}}}|Payer}} {{{{{1}}}|Other Amounts}} of 50<br>
----
Net: {{{{{1}}}|Payee}} owes {{{{{1}}}|Payer}} 40.<br>
''Whoops: {{{{{1}}}|Payee}} is still owed 40 by {{{{{1}}}|Payer}} so is an unsecured creditor '''}}
Not ideal. But fixable if you’re prepared to add some dramatically anal language:

{{quote|{{{{{1}}}|6(f)}} {{{{{1}}}|Set-Off}}. Any {{{{{1}}}|Early Termination Amount}} ''(or any other amounts, whether or not arising under this {{{{{1}}}|Agreement}}, matured, contingent and irrespective of the currency, place of payment of booking of the obligation)” payable to one party (the “'''Payee'''”) by the other party (the “'''Payer'''”), ...}}