Template:M summ GMSLA 11.8: Difference between revisions
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The {{isdama}} famously got its [[Set-off - ISDA Provision|set-off]] clause wrong, forgetting that the {{isdaprov|Early Termination Amount}} might not be the only amount owing the same way, to be set off against amounts owed elsewhere in the transacting universe the other way. | The {{isdama}} famously got its [[Set-off - ISDA Provision|set-off]] clause wrong, forgetting that the {{isdaprov|Early Termination Amount}} might not be the only amount owing the same way, to be set off against amounts owed elsewhere in the transacting universe the other way. since {{icamacds}} was cribbing from its homework, we see a similar problem here, although the [[stock loan]] market is a bit more blasé about it, in that is seems not to bother with the fix most people apply to the ISDA. |