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Close-out Amount - ISDA Provision: Difference between revisions
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==Commentary== | ==Commentary== | ||
Close-out amount as a concept was introduced in the {{2002ma}} and doesn't exist under the {{1992ma}}. Instead, terminated transactions are determined according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}}. There are some local variations which are worth bearing in mind: | Close-out amount as a concept was introduced in the {{2002ma}} and doesn't exist under the {{1992ma}}. Instead, terminated transactions are determined according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}}. There are some local variations which are worth bearing in mind: | ||
Close-out amount concept doesn't exist under the [[1992 ISDA Master]]. Instead, terminated transactions are determined according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}}. | |||
{{isdacomparison}} | |||
===Close-out amount and Italian counterparties=== | ===Close-out amount and Italian counterparties=== | ||
See for more detail, here: [[Close-out Amount - ISDA Provision/Italian counterparties|Italian counterparties]] | |||
===[[2002 ISDA Master]] Agreement=== | |||
From the [[you'll be sorry you asked]] file. | |||
{{nuts|2002 ISDA|Close-out Amount}} | {{nuts|2002 ISDA|Close-out Amount}} | ||
If, having read that, you're still not really feeling sorry, the full text might get your remorse radar pinging: | |||
{{isdaquote|“{{isdaprov|Close-out Amount}}” means, with respect to each {{isdaprov|Terminated Transaction}} or each group of {{isdaprov|Terminated Transactions}}<br> | {{isdaquote|“{{isdaprov|Close-out Amount}}” means, with respect to each {{isdaprov|Terminated Transaction}} or each group of {{isdaprov|Terminated Transactions}}<br> | ||