Template:Isda 2(e) comp: Difference between revisions
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Section {{isda92prov|2(e)}}, dealing with default interest, was removed in the {{2002ma}}, and replaced with a spikier, more fulsome Section {{isdaprov|9(h)}} (''{{isdaprov|Interest and Compensation}}''). | Section {{isda92prov|2(e)}}, dealing with default interest, was removed in the {{2002ma}}, and replaced with a spikier, more fulsome Section {{isdaprov|9(h)}} (''{{isdaprov|Interest and Compensation}}''). | ||
A new and different Section {{isdaprov|2(e)}} for the {{2002ma}} was ''almost'' revived after the [[global financial crisis]] as a tool for imposing a “use it or lose it” trigger on Section {{isdaprov|2(a)(iii)}}, but the moment passed. See {{isdaprov|Condition End Date}} for more information. | |||
Latest revision as of 11:12, 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.