Template:Isda Early Termination Date comp: Difference between revisions

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(Created page with "{{{{{1}}}|No}} change from {{1992ma}} to {{2002ma}} (no real surprise there) but the close out methodology between the two versions, by which one works out ''what'' must b...")
 
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{{{{{1}}}|No}} change from {{1992ma}} to {{2002ma}} (no real surprise there) but the [[close out methodology]] between the two versions, by which one works out ''what'' must be paid and ''by whom'' on an {{{{{1}}}|Early Termination Date}}, and which you are encouraged to follow in all its gory detail starting at Section {{{{{1}}}|6(a)}}, is really quite different, and notwithstanding the fact that the {{2002ma}} version was meant to address the many and varied complaints levelled by market practitioners at the {{1992ma}} we still find the 1992 version in use in the occasional market centred in unsophisticated rural backwaters like, oooh, I don’t know, [[New York law|New York]].
No change in the {{{{{1}}}|Early Termination Date}} definition from {{1992ma}} to {{2002ma}} (no real surprise there) but the [[close out methodology]] between the two versions, by which one works out ''what'' must be paid and ''by whom'' on an {{{{{1}}}|Early Termination Date}}, and which you are encouraged to follow in all its gory detail starting at Section {{{{{1}}}|6(a)}}, is really quite different, and notwithstanding the fact that the {{2002ma}} version was meant to address the many and varied complaints levelled by market practitioners at the {{1992ma}} we still find the 1992 version in use in the occasional market centred in unsophisticated rural backwaters like, oooh, I don’t know, [[New York law|New York]].