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Amwelladmin (talk | contribs) (Created page with "You may want to know where {{isda92prov|Unpaid Amounts}} feature in the {{isdama}}. The answer: In {{isda92prov|Payments on Early Termination}}: Section {{isda92prov|6(e)(i)}}...") |
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You may want to know where {{isda92prov|Unpaid Amounts}} feature in the {{isdama}}. The answer: In {{isda92prov|Payments on Early Termination}}: Section {{isda92prov|6(e)(i)}} (for {{isda92prov|Events of Default}}) and {{isda92prov|6(e)(ii)}} (for {{isda92prov|Termination Events | You may want to know where {{isda92prov|Unpaid Amounts}} feature in the {{isdama}}. The answer: In {{isda92prov|Payments on Early Termination}}: Section {{isda92prov|6(e)(i)}} (for {{isda92prov|Events of Default}}) and {{isda92prov|6(e)(ii)}} (for {{isda92prov|Termination Events}}). | ||
Spoddy point for old-fashioned {{1992ma}} hipster types: if “{{isda92prov|Loss}}” is your chosen means of close-out valuation, the concept of {{isda92prov|Unpaid Amounts}} is more or less factored into the definition of {{isda92prov|Loss}}: | Spoddy point for old-fashioned {{1992ma}} hipster types: if “{{isda92prov|Loss}}” is your chosen means of close-out valuation, the concept of {{isda92prov|Unpaid Amounts}} is more or less factored into the definition of {{isda92prov|Loss}}: | ||
:''{{isda92prov|Loss}} includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section {{isda92prov|6(e)(i)}}(1) or (3) or {{isda92prov|6(e)(ii)}}(2)(A) applies...'' | :''{{isda92prov|Loss}} includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section {{isda92prov|6(e)(i)}}(1) or (3) or {{isda92prov|6(e)(ii)}}(2)(A) applies...'' | ||
{{loss duplication capsule}} | |||
This is why the drafting of the {{csaprov|Default}} provision (paragraph {{csaprov|6}}) of the {{csa}} is as tortuous as it is. If you were wondering. | This is why the drafting of the {{csaprov|Default}} provision (paragraph {{csaprov|6}}) of the {{csa}} is as tortuous as it is. If you were wondering. |