Template:1992 v 2002 comparison summary: Difference between revisions

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Created page with "The {{2002ma}} was introduced, primarily, to: {{gbullet| '''Loss/MQ begone''': Finally take out to the woodshed the whole {{isda92prov|Loss}}/{{isda92prov|Market Quotation}} farrago (and all that {{isda92prov|First Method}} and {{isda92prov|Second Method}} nonsense) by introducing the {{isdaprov|Close-out Amount}}. <li> '''Reference market makers, Settlement Amounts also begone''': That meant no need for {{isda92prov|Reference Market-maker}}s, {{isda92prov|Settlement Amo..."
 
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'''Loss/MQ begone''': Finally take out to the woodshed the whole {{isda92prov|Loss}}/{{isda92prov|Market Quotation}} farrago (and all that {{isda92prov|First Method}} and {{isda92prov|Second Method}} nonsense) by introducing the {{isdaprov|Close-out Amount}}. <li>
'''Loss/MQ begone''': Finally take out to the woodshed the whole {{isda92prov|Loss}}/{{isda92prov|Market Quotation}} farrago (and all that {{isda92prov|First Method}} and {{isda92prov|Second Method}} nonsense) by introducing the {{isdaprov|Close-out Amount}}. <li>
'''Reference market makers, Settlement Amounts also begone''': That meant no need for {{isda92prov|Reference Market-maker}}s, {{isda92prov|Settlement Amount}}s and so on so they went too.<li>
'''Reference market makers, Settlement Amounts also begone''': That meant no need for {{isda92prov|Reference Market-maker}}s, {{isda92prov|Settlement Amount}}s and so on so they went too.<li>
'''Force majeure''': finally make an honest man out of , well, God, by adding a {{isdaprov|Force Majeure Event}} under Section {{{{{1}}}|5(b)(ii)}} — hitherto parties had boshed up something custom each time. <li>
'''Force majeure''': finally make an honest man out of , well, God, by adding a {{isdaprov|Force Majeure Event}} under Section {{isdaprov|5(b)(ii)}} — hitherto parties had boshed up something custom each time. <li>
'''Waiting Time for Illegality''': The {{2002ma}} builds out {{{{{1}}}|Illegality}} to include the {{{{{1}}}|Waiting Period}} concept (also used in {{{{{1}}}|Force Majeure Event}} come to think of it). <li>
'''Waiting Time for Illegality''': The {{2002ma}} builds out {{{{{1isdaprov|Illegality}} to include the {{isdaprov|Waiting Period}} concept (also used in {{isdaprov|Force Majeure Event}} come to think of it). <li>
'''Set-off''': To finally end the gruesome cottage industry of half-arsed, half-witted set-off provisions that don’t really work, by providing an express, fully-arsed half-witted set-off provision that doesn’t really work ({{isdaprov|Set-off}} under Section {{{{{1}}}|6(f)}}).
'''Set-off''': To finally end the gruesome cottage industry of half-arsed, half-witted set-off provisions that don’t really work, by providing an express, fully-arsed half-witted set-off provision that doesn’t really work ({{isdaprov|Set-off}} under Section {{isdaprov|6(f)}}).
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Revision as of 13:12, 5 September 2024

The 2002 ISDA was introduced, primarily, to: {{gbullet|

Loss/MQ begone: Finally take out to the woodshed the whole Loss/Market Quotation farrago (and all that First Method and Second Method nonsense) by introducing the Close-out Amount.

  • Reference market makers, Settlement Amounts also begone: That meant no need for Reference Market-makers, Settlement Amounts and so on so they went too.
  • Force majeure: finally make an honest man out of , well, God, by adding a Force Majeure Event under Section 5(b)(ii) — hitherto parties had boshed up something custom each time.
  • Waiting Time for Illegality: The 2002 ISDA builds out {{{Template:1isdaprov to include the Waiting Period concept (also used in Force Majeure Event come to think of it).
  • Set-off: To finally end the gruesome cottage industry of half-arsed, half-witted set-off provisions that don’t really work, by providing an express, fully-arsed half-witted set-off provision that doesn’t really work (Set-off under Section 6(f)). }}
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