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Template:Isda Close-out Amount comp: Difference between revisions
Template:Isda Close-out Amount comp (view source)
Revision as of 15:49, 3 February 2024
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Amwelladmin (talk | contribs) (Created page with "{{icds}} introduced the {{isdaprov|Close-out Amount}} into the {{2002ma}} to correct the total trainwreck of a close-out methodology set out in the {{1992ma}}.") |
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{{icds}} introduced the {{isdaprov|Close-out Amount}} into the {{2002ma}} to correct the total trainwreck of a close-out methodology set out in the {{1992ma}}. | {{icds}} introduced the {{isdaprov|Close-out Amount}} into the {{2002ma}} to correct the total trainwreck of a close-out methodology set out in the {{1992ma}}. | ||
So the dirty secret is that there ''isn’t'' a “Close-out Amount” as such under a {{1992ma}} (or the {{1987ma}}) but, in places on this wiki, we’ll refer to one anyway, because it is better, more elegant, more stylish prose than | |||
{{quote|“... the amount determined following early termination of a {{isda92prov|Terminated Transaction}} using {{isda92prov|Market Quotation}} or {{isda92prov|Loss}} ([[as the case may be]]) and the {{isda92prov|Second Method}}, seeing as no-one in their right mind would agree to the {{isda92prov|First Method}}, under the {{1992ma}}”.}} | |||
In the context of a {{1992ma}} that is what we mean by “Close-out Amount”. | |||