83,240
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{ | {{isdaanat|6(e)(i)}} | ||
{{ | The effect of this is that all {{isdaprov|transaction}}s are terminated and the recourse is to a net sum under Section {{isdaprov|6(e)}} of the {{isdama}} - NOT under the {{isdaprov|Transactions}}. | ||
Therefore, if your [[credit support]] (particularly [[guarantee]]s or [[LC|letters of credit]]) explicitly references the {{isdaprov|Transaction}}, you may lose any credit support at precisely the point you need it. Further commentary on the [[Guarantee]] page. | |||
{{seealso}} | {{seealso}} | ||
*[[Guarantee]] | *[[Guarantee]] |