Template:Isda 5(b)(v) comp: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{ISDAnumberingdiscrepancy}} Even before the {{2002ma}} was published it was common to upgrade the {{1992ma}} formulation to something resembling the glorious concoction that became Section {{isdaprov|5(b)(v)}} of the {{2002ma}}. The 1992 wording is a bit lame, really. On the other hand, you could count the number of times an {{isdama}} is closed out on account of {{isdaprov|Credit Event Upon Merger}} on the fingers of one hand, even if you had lost all the fingers on...") |
Amwelladmin (talk | contribs) m (Amwelladmin moved page Template:Isda Credit Event Upon Merger comp to Template:Isda 5(b)(v) comp) |
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Revision as of 11:29, 25 December 2023
Numbering Discrepancy: Note the numbering discrepancy in Section 5(b) between the 1992 ISDA and 2002 ISDA. This is caused by a new 5(b)(ii) (Force Majeure Event) in the 2002 ISDA before Tax Event, which is thus shunted from Section 5(b)(ii) (in the 1992 ISDA) to Section 5(b)(iii) (in the 2002 ISDA).
Even before the 2002 ISDA was published it was common to upgrade the 1992 ISDA formulation to something resembling the glorious concoction that became Section 5(b)(v) of the 2002 ISDA. The 1992 wording is a bit lame, really.
On the other hand, you could count the number of times an ISDA Master Agreement is closed out on account of Credit Event Upon Merger on the fingers of one hand, even if you had lost all the fingers on that hand to an industrial accident. So — yeah.