Template:M comp disc 2002 ISDA Termination Event: Difference between revisions
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A {{isdaprov|Termination Event}} is an event justifying one party unilaterally terminating a {{isdaprov|Transaction}} — or sometimes all {{isdaprov|Transactions}} — but that is generally of a nature that does not cast aspersions of impropriety on the other, or “[[Affected Party - ISDA Provision|Affected]]”, party. This makes a difference when it comes to how one calculates the {{isdaprov|Close-out Amount}} for the Transaction in question. | |||
Latest revision as of 08:10, 27 September 2022
A comparison between the 1992 ISDA and the 2002 ISDA can be found on the ISDA Comparison page.
A Termination Event is an event justifying one party unilaterally terminating a Transaction — or sometimes all Transactions — but that is generally of a nature that does not cast aspersions of impropriety on the other, or “Affected”, party. This makes a difference when it comes to how one calculates the Close-out Amount for the Transaction in question.