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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 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|100px|frameless]]Did someone say ''[[LIBOR]]''?</ref>
| | {{isda Applicable Close-out Rate summ|isdaprov}} |
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| 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.
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| The four rates are:
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| *{{Nutshell 2002 ISDA Default Rate}}
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| *{{Nutshell 2002 ISDA Non-default Rate}}
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| *{{Nutshell 2002 ISDA Termination Rate}}
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| All sensible enough, if not a little over-determined — and then the ''three'' “'''{{isdaprov|Applicable Deferral Rate}}s'''”, which convert this from something that is merely [[tedious]] to the stuff of a [[Hieronymus Bosch nightmare]].
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