Template:Isda 1 comp: Difference between revisions

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But for some loosie-goosiness in the {{2002ma}} about where one might otherwise [[Definitions|define terms]] that was not there in the {{1992ma}} — odd, given the [[’squad]]’s usual direction of travel — the text of Section {{{{{1}}}|1}} is the same in each version of the {{isdama}}.
{{isdacomparisons|90827|90828|90830}}
{{drop|T|he {{2002ma}}}} does the reader the service of acknowledging there might be terms defined in the schedule and not just Section {{{{{1}}}|14}} — as indeed there must — party-specific things like {{{{{1}}}|Party A}}, {{{{{1}}}|Party B}}, {{{{{1}}}|Credit Support Provider}}, {{{{{1}}}|Credit Support Document}}, and no doubt you can think of others but beyond this, the text of Section {{isdaprov|1}} in the {{2002ma}} is the same as Section {{isda92prov|1}} in the {{1992ma}}.
 
The {{1987ma}} was broadly the same, though there was no “single agreement” subclause (c) — that is built instead into the Preamble. By 1992 {{icds}} deemed this important enough to deserve its own place in Section {{isda92prov|1(c)}}, and there it stayed for the {{2002ma}}.

Latest revision as of 12:36, 15 September 2024

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Discussion

The 2002 ISDA does the reader the service of acknowledging there might be terms defined in the schedule and not just Section {{{{{1}}}|14}} — as indeed there must — party-specific things like {{{{{1}}}|Party A}}, {{{{{1}}}|Party B}}, {{{{{1}}}|Credit Support Provider}}, {{{{{1}}}|Credit Support Document}}, and no doubt you can think of others — but beyond this, the text of Section 1 in the 2002 ISDA is the same as Section 1 in the 1992 ISDA.

The 1987 ISDA was broadly the same, though there was no “single agreement” subclause (c) — that is built instead into the Preamble. By 1992 ISDA’s crack drafting squad™ deemed this important enough to deserve its own place in Section 1(c), and there it stayed for the 2002 ISDA.