Template:Isda 14 summ: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "The basis reason for the delta between the {{1992ma}} and the {{2002ma}} is this: *The whole {{isda92prov|Loss}}/{{isda92prov|Market Quotation}} farrago (and all that {{isda92prov|First Method}} and {{isda92prov|Second Method}} nonsense) is unique to the ’92, replaced by {{isdaprov|Close-out Amount}} in the ’02. That is also where {{isda92prov|Reference Market-maker}}s, {{isda92prov|Settlement Amount}}s and so on come from. *{{isdaprov|Force Majeure Event}} under Sec..." |
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The basis reason for the delta between the {{1992ma}} and the {{2002ma}} is this: | [[Definitions - ISDA Provision|The]] basis reason for the delta between the {{1992ma}} and the {{2002ma}} is this: | ||
*The whole {{isda92prov|Loss}}/{{isda92prov|Market Quotation}} farrago (and all that {{isda92prov|First Method}} and {{isda92prov|Second Method}} nonsense) is unique to the ’92, replaced by {{isdaprov|Close-out Amount}} in the ’02. That is also where {{isda92prov|Reference Market-maker}}s, {{isda92prov|Settlement Amount}}s and so on come from. | *The whole {{isda92prov|Loss}}/{{isda92prov|Market Quotation}} farrago (and all that {{isda92prov|First Method}} and {{isda92prov|Second Method}} nonsense) is unique to the ’92, replaced by {{isdaprov|Close-out Amount}} in the ’02. That is also where {{isda92prov|Reference Market-maker}}s, {{isda92prov|Settlement Amount}}s and so on come from. | ||
*{{isdaprov|Force Majeure Event}} under Section {{isdaprov|5(b)(ii)}} is new to the ’02. | *{{isdaprov|Force Majeure Event}} under Section {{isdaprov|5(b)(ii)}} is new to the ’02. | ||
*{{isdaprov|Illegality}} is built out to include the {{isdaprov|Waiting Period}} concept (also used in {{isdaprov|Force Majeure Event}} come to think of it). | *{{isdaprov|Illegality}} is built out to include the {{isdaprov|Waiting Period}} concept (also used in {{isdaprov|Force Majeure Event}} come to think of it). | ||
*{{isdaprov|Set-off}} under Section {{isdaprov|6(f)}} is new to the ’02. | *{{isdaprov|Set-off}} under Section {{isdaprov|6(f)}} is new to the ’02. | ||
Revision as of 12:18, 30 May 2023
The basis reason for the delta between the 1992 ISDA and the 2002 ISDA is this:
- The whole Loss/Market Quotation farrago (and all that First Method and Second Method nonsense) is unique to the ’92, replaced by Close-out Amount in the ’02. That is also where Reference Market-makers, Settlement Amounts and so on come from.
- Force Majeure Event under Section 5(b)(ii) is new to the ’02.
- Illegality is built out to include the Waiting Period concept (also used in Force Majeure Event come to think of it).
- Set-off under Section 6(f) is new to the ’02.