Template:Isda 2(a)(iii) comp: Difference between revisions
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Section {{{{{1}}}|2(a)(iii)}} is the world-famous, notorious, much-feared “[[flawed asset]]” provision in the {{isdama}}. The text | Section {{{{{1}}}|2(a)(iii)}} is the world-famous, notorious, much-feared “[[flawed asset]]” provision in the {{isdama}}. The text was ''mostly'' unchanged between the {{1992ma}} and the {{2002ma}}, bar a single clarification in Section 2(a)(iii)(3). There ''was'' a change from the {{1987ma}} which did not have the middle condition precedent that “no {{{{{1}}}|Early Termination Date}} in respect of the relevant {{{{{1}}}|Transaction}} has occurred or been effectively designated”. As to what all this means, or achieved, we speculate below. | ||
Latest revision as of 12:35, 4 May 2024
Section {{{{{1}}}|2(a)(iii)}} is the world-famous, notorious, much-feared “flawed asset” provision in the ISDA Master Agreement. The text was mostly unchanged between the 1992 ISDA and the 2002 ISDA, bar a single clarification in Section 2(a)(iii)(3). There was a change from the 1987 ISDA which did not have the middle condition precedent that “no {{{{{1}}}|Early Termination Date}} in respect of the relevant {{{{{1}}}|Transaction}} has occurred or been effectively designated”. As to what all this means, or achieved, we speculate below.