Template:Nutshell 1992 ISDA 1: Difference between revisions

Revision as of 22:40, 28 January 2020

1(a) Definitions. Most of the definitions are in Section 14 but some are scattered throughout the Master Agreement.
1(b) Inconsistency. Where they conflict, each Confirmation overrides the Schedule, and the Schedule overides the Master Agreement.
1(c) Single Agreement. When they enter each Transaction the parties are relying on the Master Agreement and all outstanding Confirmations being a single agreement. They would not otherwise enter into any Transaction.

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-=== {{isdaprov|1}}. {{isdaprov|Interpretation}} ===
+=== {{isda92prov|1}}. {{isda92prov|Interpretation}} ===
-{{Nutshell 2002 ISDA 1(a)}}
+{{isdaprov|1(a)}} '''{{isdaprov|Definitions}}'''. Most of the definitions are in Section {{isdaprov|14}} but some are scattered throughout the {{isdaprov|Master Agreement}}. <br>
-{{Nutshell 2002 ISDA 1(b)}}
+{{isdaprov|1(b)}} '''{{isdaprov|Inconsistency}}'''. Where they conflict, each {{isdaprov|Confirmation}} overrides the {{isdaprov|Schedule}}, and the {{isdaprov|Schedule}} overides the {{isdaprov|Master Agreement}}. <br>
-{{Nutshell 2002 ISDA 1(c)}}
+{{isdaprov|1(c)}} '''{{isdaprov|Single Agreement}}'''. When they enter each {{isdaprov|Transaction}} the parties are relying on the {{isdaprov|Master Agreement}} and all outstanding {{isdaprov|Confirmation}}s being a single agreement. They would not otherwise enter into any {{isdaprov|Transaction}}. <br>