Template:M comp disc 2002 ISDA 5(b)(vi): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
Created page with "{{ISDAnumberingdiscrepancy}} <br> ATEs are likely to be the most haggled-over part of your {{isdama}}."
 
No edit summary
 
(2 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{ISDAnumberingdiscrepancy}} <br>
{{ISDAnumberingdiscrepancy}}
[[ATE]]s are likely to be the most haggled-over part of your {{isdama}}.
{{isda 5(b)(vi) comp|isdaprov}}

Latest revision as of 16:30, 25 December 2023

Numbering Discrepancy: Note the numbering discrepancy in Section 5(b) between the 1992 ISDA and 2002 ISDA. This is caused by a new 5(b)(ii) (Force Majeure Event) in the 2002 ISDA before Tax Event, which is thus shunted from Section 5(b)(ii) (in the 1992 ISDA) to Section 5(b)(iii) (in the 2002 ISDA).

Additional Termination Events: Other than the numbering discrepancy and a daring change of a “shall” to a “will”, Section 5(b)(vi) of the 2002 ISDA is the same as Section 5(b)(v) of the 1992 ISDA. That said, ATEs are likely to be the most haggled-over part of your ISDA Master Agreement.