Template:Isda 6(f) comp: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "The {{1992isda}} does not have a specific set-off provision, although it manages to define {{isda92prov|Set-off}} anyway. ISDA published a ''suggested'' set-off provision in the 1992 User’s Guide but no-one liked it, and before long several home-made versions were percolating around the market. These often permitted set-off between the {{{{{1}}}|Innocent Party}}’s '''{{{{{1}}}|Affiliate}}s''' and the non-performing party. {{icds}} got the hint and impl..." |
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Neither the {{1987ma}} not the {{1992isda}} has a specific [[set-off]] provision, although the 1992 manages to define {{isda92prov|Set-off}} anyway. | |||
[[ISDA]] published a ''suggested'' [[set-off]] provision in the 1992 User’s Guide but no-one liked it, and before long several home-made versions were percolating around the market. These often permitted set-off between the {{{{{1}}}|Innocent Party}}’s '''{{{{{1}}}|Affiliate}}s''' and the non-performing party. | [[ISDA]] published a ''suggested'' [[set-off]] provision in the 1992 User’s Guide, but no-one liked it, and before long several home-made versions were percolating around the market. These often permitted set-off between the {{{{{1}}}|Innocent Party}}’s '''{{{{{1}}}|Affiliate}}s''' and the non-performing party. | ||
{{icds}} got the hint and implemented a fully-fledged set-off provision based on this language into the {{2002ma}} — but not without a little boo-boo. As to which, read on — | {{icds}} got the hint and implemented a fully-fledged set-off provision based on this language into the {{2002ma}} — but not without a little boo-boo. As to which, read on — | ||
Latest revision as of 17:09, 29 August 2024
Neither the 1987 ISDA not the 1992 ISDA has a specific set-off provision, although the 1992 manages to define Set-off anyway.
ISDA published a suggested set-off provision in the 1992 User’s Guide, but no-one liked it, and before long several home-made versions were percolating around the market. These often permitted set-off between the {{{{{1}}}|Innocent Party}}’s {{{{{1}}}|Affiliate}}s and the non-performing party.
ISDA’s crack drafting squad™ got the hint and implemented a fully-fledged set-off provision based on this language into the 2002 ISDA — but not without a little boo-boo. As to which, read on —