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. since {{ | 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 {{islacds}} 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. | ||
Latest revision as of 17:03, 29 October 2021
The ISDA Master Agreement famously got its set-off clause wrong, forgetting that the 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 ISLA’s crack drafting squad™ 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.