Schedule Payer Tax Representations - ISDA Provision: Difference between revisions
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{{manual|MI|2002|Payer Tax Representations|Section|Payer Tax Representations|short}} | {{manual|MI|2002|Schedule Payer Tax Representations|Section|Schedule Payer Tax Representations|short}} |
Revision as of 12:38, 12 May 2023
2002 ISDA Master Agreement
Section Schedule Payer Tax Representations in a Nutshell™ Use at your own risk, campers!
Full text of Section Schedule Payer Tax Representations
Related agreements and comparisons
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Content and comparisons
Only cosmetic changes between the 1992 and the 2002 version in the schedule, as per the comparison in the panel. Note the curiosity of the Relevant Jurisdiction.
Summary
Section 3(e) is the operational part of the ISDA that triggers this representation, which ISDA’s crack drafting squad™ included in the preprint template Schedule rather than in the preprinted ISDA Master Agreement proper, perhaps nervous that the negotiation community might want to futz around with it.
Well, in nearly thirty years, they haven’t: ones intentions about tax when one makes a payment, rather than when one receives it, is a topic that even a seasoned negotiator — one accustomed to finding controversy where others would not, after all — will struggle to get animated about.
Thus this handsome slug of text, unmolested, sits in nigh-on every ISDA Master Agreement, just one of those things that passes unremarked in the world of financial derivatives.
See also
Template:M sa 2002 ISDA Schedule Payer Tax Representations