Template:M comp disc 2002 ISDA 2(e): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Well, it would be wrong not to compare it to dear old Section {{isdaprov|2(a)(iii)}} wouldn’t it?" |
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{{isda 2(e) comp|isdaprov}} | |||
Latest revision as of 09:58, 24 December 2023
Section 2(e), dealing with default interest, was removed in the 2002 ISDA, and replaced with a spikier, more fulsome Section 9(h) (Interest and Compensation).
A new and different Section 2(e) for the 2002 ISDA was almost revived after the global financial crisis as a tool for imposing a “use it or lose it” trigger on Section 2(a)(iii), but the moment passed. See Condition End Date for more information.