Template:Nutshell 1992 ISDA 2(e): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{isda92prov|2(e)}} '''{{isda92prov|Default Interest; Other Amounts}}'''. In the absence of an {{isda92prov|Early Termination Date}} on a {{isda92prov|Transaction}}: :A party..." Tags: Mobile edit Mobile web edit |
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{{isda92prov|2(e)}} '''{{isda92prov|Default Interest; Other Amounts}}'''. In the absence of an {{isda92prov|Early Termination Date}} on a {{isda92prov|Transaction}}: | {{isda92prov|2(e)}} '''{{isda92prov|Default Interest; Other Amounts}}'''. In the absence of an {{isda92prov|Early Termination Date}} on a {{isda92prov|Transaction}}: | ||
:A party | :(a) A party who defaults on a [[payment]] obligation must (subject to Section {{isda92prov|6(c)}}) pay [[interest]] at the {{isda92prov|Default Rate}} on the overdue amount from the due date until the actual payment date, compounding daily. | ||
:A party | :(b) A party who defaults on a [[delivery]] obligation must compensate the other party on demand if and to the extent provided for in the relevant {{isda92prov|Confirmation}} or elsewhere in this {{isda92prov|Agreement}}. <br /> | ||
Latest revision as of 16:20, 19 February 2020
2(e) Default Interest; Other Amounts. In the absence of an Early Termination Date on a Transaction:
- (a) A party who defaults on a payment obligation must (subject to Section 6(c)) pay interest at the Default Rate on the overdue amount from the due date until the actual payment date, compounding daily.
- (b) A party who defaults on a delivery obligation must compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.