User’s Guide to the 2002 ISDA Master Agreement: Difference between revisions

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{{anat|isda|{{image|H2G2|jpg|}}}}Once the [[User’s Guide to the 2002 ISDA Master Agreement]] was the standard repository of all knowledge and wisdom, though in many the more relaxed civilizations in the financial services galaxy<ref>That is, places like RIGHT HERE RIGHT NOW, froods.</ref>, the [[Jolly Contrarian]] has already supplanted the great [[Encyclopaedia Galactica]] for that purpose, for though it has many omissions and contains much that is apocryphal, or at least wildly inaccurate, it scores over the older, more pedestrian work in two important respects.  
Once the [[User’s Guide to the 2002 ISDA Master Agreement]] was the standard repository of all knowledge and wisdom, though in many the more relaxed civilizations in the financial services galaxy<ref>That is, places like RIGHT HERE RIGHT NOW, froods.</ref>, the [[Jolly Contrarian]] has already supplanted the great [[Encyclopaedia Galactica]] for that purpose, for though it has many omissions and contains much that is apocryphal, or at least wildly inaccurate, it scores over the older, more pedestrian work in two important respects.  


First, it is free; and second, it has the words "DON'T PANIC" inscribed in large friendly letters on its cover.
First, it is free; and second, it has the words "DON'T PANIC" inscribed in large friendly letters on its cover.
{{ref}}
{{ref}}

Latest revision as of 12:49, 11 April 2023

ISDA Anatomy™
File:H2G2.jpg
Index: Click to expand:Navigation
See ISDA Comparison for a comparison between the 1992 ISDA and the 2002 ISDA.
The Varieties of ISDA Experience
Subject 2002 (wikitext) 1992 (wikitext) 1987 (wikitext)
Preamble Pre Pre Pre
Interpretation 1 1 1
Obligns/Payment 2 2 2
Representations 3 3 3
Agreements 4 4 4
EODs & Term Events 5 Events of Default: FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA Termination Events: IllegalityFMTax EventTEUMCEUMATE 5 Events of Default: FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA Termination Events: IllegalityTax EventTEUMCEUMATE 5 Events of Default: FTPDBreachCSDMisrepDUSSCross DefaultBankruptcyMWA Termination Events: IllegalityTax EventTEUMCEUM
Early Termination 6 Early Termination: ET right on EODET right on TEEffect of DesignationCalculations; Payment DatePayments on ETSet-off 6 Early Termination: ET right on EODET right on TEEffect of DesignationCalculationsPayments on ETSet-off 6 Early Termination: ET right on EODET right on TEEffect of DesignationCalculationsPayments on ET
Transfer 7 7 7
Contractual Currency 8 8 8
Miscellaneous 9 9 9
Offices; Multibranch Parties 10 10 10
Expenses 11 11 11
Notices 12 12 12
Governing Law 13 13 13
Definitions 14 14 14
Schedule Schedule Schedule Schedule
Termination Provisions Part 1 Part 1 Part 1
Tax Representations Part 2 Part 2 Part 2
Documents for Delivery Part 3 Part 3 Part 3
Miscellaneous Part 4 Part 4 Part 4
Other Provisions Part 5 Part 5 Part 5
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Once the User’s Guide to the 2002 ISDA Master Agreement was the standard repository of all knowledge and wisdom, though in many the more relaxed civilizations in the financial services galaxy[1], the Jolly Contrarian has already supplanted the great Encyclopaedia Galactica for that purpose, for though it has many omissions and contains much that is apocryphal, or at least wildly inaccurate, it scores over the older, more pedestrian work in two important respects.

First, it is free; and second, it has the words "DON'T PANIC" inscribed in large friendly letters on its cover.

References

  1. That is, places like RIGHT HERE RIGHT NOW, froods.