Template:M comp disc 2002 ISDA 3(d): Difference between revisions

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The fabulous Section {{isdaprov|3(d)}} representation, giving one’s counterparty the right to close out should any so-designated representations turn out not to be true. This is sure to occupy an inordinate amount of your [[negotiation]] time — in that it occupies any time at all — because you are as likely to be hit in the face by a live flying starfish in the driest part of the Gobi Desert as you are to close out an ISDA because your counterparty is late preparing its annual accounts. [[Disclaimer|But that’s a personal view and you may not rely on it.]]
{{isda 3(d) comp|isdaprov}}

Latest revision as of 16:07, 30 December 2023

ISDA’s crack drafting squad™ must have got this spot-on in their first attempt in 1992, because their successors in 2002 could not find so much as an inverted comma to change.

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