Template:Isda 5(a)(i) summ: Difference between revisions

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{{{{{1}}}|Failure to Pay}} under Section {{{{{1}}}|5(a)(i)}} of the {{isdama}}: where a party fails to pay or deliver on time and does not remedy before the [[grace period]] expires. The [[grace period]] for a {{2002ma}} is one {{{{{1}}}|Local Business Day}}; shorter than the three Local Business Days in the {{1992ma}}. This fact alone has kept a number of market counterparties on the 1992 form, nearly thirty years after it was upgraded.
{{{{{1}}}|Failure to Pay}} under Section {{{{{1}}}|5(a)(i)}} of the {{isdama}}: where a party fails to pay or deliver on time and does not remedy before the [[grace period]] expires. The [[grace period]] for a {{2002ma}} is one {{isdaprov|Local Business Day}}; shorter than the three {{isda92prov|Local Business Day}}s in the {{1992ma}}. This fact alone has kept a number of market counterparties on the 1992 form, nearly thirty years after it was upgraded.


===CSAs===
===CSAs===
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