Template:Isda 5(a)(vii) summ: Difference between revisions
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The truncating the [[grace period]] from 30 days in the {{1992ma}} to 15 days in the {{2002ma}} has, in aggregate over the whole global market, kept many a [[negotiator]] in “meaningful” employment. It has also been a large reason why many organisations did not move to the {{2002ma}} and of those who eventually did — organisations whom you’d think would know better — then set about amending these [[grace period]]s back to the {{1992ma}} standard of 30 days or better still, insisted on sticking with the {{1992ma}}, but upgrading every part of it to the {{2002ma}} ''except'' for the {{{{{1}}}|Bankruptcy}} and {{{{{1}}}|Failure to Pay}} [[grace period]]s. A spectacular use of ostensibly limited resources, and an insight into whose benefit organisations really operate for. | |||
=====Regional bankruptcy variations===== | =====Regional bankruptcy variations===== |