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Template:M summ 2002 ISDA Applicable Close-out Rate: Difference between revisions
Template:M summ 2002 ISDA Applicable Close-out Rate (view source)
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Truly from the {{isia}} file — almost in the [[shoot me]] file. This whole game of pan-dimensional chess, with six different interest rates to apply in different circumstances, is all just to work out how to accrue interest on {{isdaprov|Unpaid Amount}}s and {{isdaprov|Early Termination Amount}}s when closing out. You get a strong sense that the pragmatists of {{icds}} — if there are any — had well and truly tuned out and gone to the bar by the the ’squad got to this definition. Looking on the bright side, ''at least it doesn’t | Truly from the {{isia}} file — almost in the [[shoot me]] file. This whole game of pan-dimensional chess, with six different interest rates to apply in different circumstances, is all just to work out how to accrue interest on {{isdaprov|Unpaid Amount}}s and {{isdaprov|Early Termination Amount}}s when closing out. You get a strong sense that the pragmatists of {{icds}} — if there are any — had well and truly tuned out and gone to the bar by the the ’squad got to this definition. Looking on the bright side, ''at least it doesn’t mention [[LIBOR]]''.<ref>[[File:Dramatic Chipmunk.png|left|100|thumb|Did someone say [[LIBOR]]?}}</ref> | ||
You have the {{isdaprov|Default Rate}}, the {{isdaprov|Non-default Rate}}, the {{isdaprov|Applicable Deferral Rate}}, and the {{isdaprov|Termination Rate}}. Depending on how and why you have closed out the {{2002ma}}, and whether you were at fault, a different rate will apply. | You have the {{isdaprov|Default Rate}}, the {{isdaprov|Non-default Rate}}, the {{isdaprov|Applicable Deferral Rate}}, and the {{isdaprov|Termination Rate}}. Depending on how and why you have closed out the {{2002ma}}, and whether you were at fault, a different rate will apply. | ||