Template:M summ GMSLA 11.8: Difference between revisions

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{{set-off and netting}}
The {{isdama}} famously got its [[Set-off - ISDA Provision|set-off]] clause wrong, forgetting that the {{isdaprov|Early Termination Amount}} might not be the only amount owing the same way, to be set off against amounts owed elsewhere in the transacting universe the other way.

Revision as of 14:36, 25 October 2021

The ISDA Master Agreement famously got its set-off clause wrong, forgetting that the Early Termination Amount might not be the only amount owing the same way, to be set off against amounts owed elsewhere in the transacting universe the other way.