Template:M comp disc 1992 ISDA 2(e): Difference between revisions

Latest revision as of 10:49, 5 January 2024

Section 2(e), dealing with default interest, was removed in the 2002 ISDA, and replaced with a spikier, more fulsome Section 9(h) (Interest and Compensation).

A new and different Section 2(e) for the 2002 ISDA was almost revived after the global financial crisis as a tool for imposing a “use it or lose it” trigger on Section 2(a)(iii), but the moment passed. See Condition End Date for more information.

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-There is no Section 2(e) in the {{2002ma}}. But it was revamped significantly and moved lock, stock and barrel to Section {{isdaprov|9(h)}} (''{{isdaprov|Interest and Compensation}}'').
+{{isda 2(e) comp|isda92prov}}
-====ISDA {{isdaprov|Section 2(a)(iii)}} Protocol====
-This provision of the {{1992isda}} would be brought into line with the {{2002isda}} provision relating to {{isdaprov|Interest and Compensation}} under the current Protocol wording.