From The Jolly Contrarian
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| Section {{ {{{1}}}|1(c)}} starts getting a bit tastier in that it comprises the [[Single Agreement]]. This is ''deep'' ISDA lore, from which all the [[close-out netting]] that gives the {{isdama}} its capital efficiency wings flows.
| | {{isda 1(c) summ {{{1}}}|{{{1}}}}} |
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| {{single agreement capsule|{{{1}}}}}
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| Under the {{2002ma}} that single amount is labeled an “{{isdaprov|Early Termination Amount}}”. Though a very important concept in the architecture of the {{isdama}}, it didn’t occur to [[the squad]] to label it at all in the {{1992ma}}, but it is still often referred to as an {{isda92prov|Early Termination Amount}} in that version, seeing as “the net amount determined under Section {{isda92prov|6(e)}}” is a bit of a mouthful. A succulent, tasty mouthful, in the minds of an ISDA ninja, but a mouthful nonetheless.
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| As far as we know, “Early Termination Amount” ''concept'', as set out here, first landed in the {{1987ma}}, where it was offhandedly referred to in the preamble, and was promoted to a fully-fledged subclause of Section {{{{{1}}}|1}} in the {{1992ma}}.
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Latest revision as of 11:03, 29 January 2024
{{isda 1(c) summ {{{1}}}|{{{1}}}}}