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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]]?
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| 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]].
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| [[Indemnity]] is one of the [[JC]]’s pet subjects. Get him started and that’s the evening gone.
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| {{Seealso}}
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| *[[Indemnities]]
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| *[[Contractual Currency]]
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Latest revision as of 16:22, 13 April 2020