From The Jolly Contrarian
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| ===Section {{ {{{1}}}|1(c)}}===
| | {{isda 1(c) summ {{{1}}}|{{{1}}}}} |
| Section {{ {{{1}}}|1(c)}} starts getting a bit tastier in that it comprises the [[Single Agreement]]. This is deep ISDA lore, from which all the [[close-out netting]] that gives the {{isdama}} its capital efficiency wings flows.
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| {{single agreement capsule}} | |
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| Under the {{2002ma}} that single amount is labeled an “{{isdaprov|Early Termination Amount}}”. (It didn’t occur to [[the squad]] to label it at all before then, but the 1992 version is still often referred to as an Early Termination Amount, seeing as “the net amount determined pursuant to Section {{isda92prov|6(e)}}” is a bit of a mouthful).
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| As far as we know, this concept first landed in the {{1987ma}}, where it was offhandedly referred to in the preamble, and was promoted to a fully-fledged subclause of Section 1 in the {{1992ma}}.
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Latest revision as of 11:03, 29 January 2024
{{isda 1(c) summ {{{1}}}|{{{1}}}}}