Separate Indemnities - ISDA Provision: Difference between revisions

Latest revision as of 16:22, 13 April 2020

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-{{isdaanat|8(c)}}
+#redirect[[Contractual Currency - ISDA Provision]]
-So who even knew the things in Section {{isdaprov|8(a)}} and {{isdaprov|8(b)}} ''were'' indemnities?
-They are, in the strict literal sense of an indemnity: a contractual promise to pay a sum of money (the difference between the amount paid in the {{isdaprov|Non-Contractual Currency}} and the actual amount owed in the {{isdaprov|Contractual Currency}}) in circumstances not (strictly) amounting to a breach; they are not in the popular (but misconceived) conception of an {{tag|indemnity}} as some kind of all-conquering [[smart bomb]].
-[[Indemnity]] is one of the [[JC]]’s pet subjects. Get him started and that’s the evening gone.