From The Jolly Contrarian
Jump to navigation
Jump to search
|
|
| (5 intermediate revisions by the same user not shown) |
| Line 1: |
Line 1: |
| {{manual|MI|2002|6(e)|Section|6(e)|medium}}
| | #redirect[[Payments on Early Termination - ISDA Provision]] |
| | |
| {{isdaprov|Early Termination Amount}} is not actually defined in the {{1992ma}}, but is referred to obliquely in Section {{isdaprov|6(e)}} as:
| |
| | |
| :''...The amount, [[if any]], payable in respect of an {{isdaprov|Early Termination Date}} and determined pursuant to this Section ...''
| |
| | |
| Correctly, it is best referred to as a “Section {{isdaprov|6(e)}} Amount" under the {{1992ma}}, although of course everyone does call it the ''{{isdaprov|Early Termination Amount}}''. This inevitability was recognised in the {{2002ma}}, where it is defined in Section {{isdaprov|6(e)}} as follows:
| |
|
| |
| :''... the amount, if any, payable in respect of that {{isdaprov|Early Termination Date}}.''
| |
| | |
| But the {{2002ma}} also has a close-out Amount, so you may want to know what is {{isdaprov|the difference between the Early Termination Amount and the Close-out Amount}}. Yes? Go on, then!
| |
Latest revision as of 22:33, 13 March 2024