Furnish Specified Information - ISDA Provision: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
Replaced content with "{{Manual|MI|2002|4(a)|Section|4(a)|short}}"
Tags: Replaced Mobile edit Mobile web edit
Line 1: Line 1:
{{isdaanat|4(a)}}
{{Manual|MI|2002|4(a)|Section|4(a)|short}}
''[[Template:ISDA Master Agreement 1992 4(a)|Section 4(a)]] of the {{1992ma}} is materially identical''. <br>
 
In the {{t|ISDA}} {{isdaprov|schedule}} there's a part — {{isdaprov|Part 3}} as a matter of fact — containing table of {{isdaprov|Specified Information}}: documents that the parties agree to deliver to each other at certain times. The table in part 3 itemises what must be delivered, by whom, by when, and whether the {{isdaprov|Specified Information}} in question is covered by the Section {{isdaprov|3(d)}} representation as to accuracy and completeness. It will also totally bugger up the formatting in your document. It is a well-known fact that no [[ISDA negotiator]] on the face of the earth knows how to format a table in [[Microsoft Word]].
 
Then again, nor does anyone else.
 
{{Specified Information and Breach of Agreement}}
{{Section 3(d) capsule}}
{{Withholding under ISDA}}
{{ref}}

Revision as of 17:30, 21 February 2020

2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

[[{{{1}}} - 1992 ISDA Provision|This provision in the 1992]]

Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project
Navigation Preamble | 1(a) (b) (c) | 2(a) (b) (c) (d) | 3(a) (b) (c) (d) (e) (f) (g) | 4(a) (b) (c) (d) (e) | 55(a) Events of Default: 5(a)(i) Failure to Pay or Deliver 5(a)(ii) Breach of Agreement 5(a)(iii) Credit Support Default 5(a)(iv) Misrepresentation 5(a)(v) Default Under Specified Transaction 5(a)(vi) Cross Default 5(a)(vii) Bankruptcy 5(a)(viii) Merger Without Assumption 5(b) Termination Events: 5(b)(i) Illegality 5(b)(ii) Force Majeure Event 5(b)(iii) Tax Event 5(b)(iv) Tax Event Upon Merger 5(b)(v) Credit Event Upon Merger 5(b)(vi) Additional Termination Event (c) (d) (e) | 6(a) (b) (c) (d) (e) (f) | 7 | 8(a) (b) (c) (d) | 9(a) (b) (c) (d) (e) (f) (g) (h) | 10 | 11 | 12(a) (b) | 13(a) (b) (c) (d) | 14 |

Index: Click to expand:

Section 4(a) in a Nutshell

Use at your own risk, campers!
4(a) Furnish Specified Information. It will deliver to the other party (or to such government or taxing authority as it reasonably directs):—
(i) any tax documents specified in the Schedule or any Confirmation;
(ii) any other documents specified in the Schedule or any Confirmation; and
(iii) any other document the other party reasonably requests to minimise withholding tax on any payment (and which would not materially prejudice the provider’s position), if need be accurately completed and executed and delivered as specified in the Schedule or such Confirmation or, otherwise as soon as reasonably practicable.

Full text of Section 4(a)

4(a) Furnish Specified Information. It will deliver to the other party or, in certain cases under clause (iii) below, to such government or taxing authority as the other party reasonably directs:―
(i) any forms, documents or certificates relating to taxation specified in the Schedule or any Confirmation;
(ii) any other documents specified in the Schedule or any Confirmation; and
(iii) upon reasonable demand by such other party, any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification, in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable.

Related agreements and comparisons

Click here for the text of Section 4(a) in the 1992 ISDA
Click to compare this section in the 1992 ISDA and 2002 ISDA.

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Content and comparisons

Section 4(a) of the 1992 ISDA is materially identical.

Template

Summary

Template:Isda 4(a) summ

Template

See also

Template:M sa 2002 ISDA 4(a)

Template

References