Template:M comp disc 2002 ISDA 5(b)(v): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{ISDAnumberingdiscrepancy}} - Section {{isdaprov|5(a)(viii)}} is {{isdaprov|Merger Without Assumption}}.") |
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{{ISDAnumberingdiscrepancy}} - Section {{isdaprov|5(a)(viii)}} is {{isdaprov|Merger Without Assumption}}. | {{ISDAnumberingdiscrepancy}} - Section {{isdaprov|5(a)(viii)}} is {{isdaprov|Merger Without Assumption}}. | ||
==={{1992ma}} upgrade=== | |||
Even before the {{2002ma}} was published it was common to upgrade the {{1992ma}} formulation to something resembling the glorious concoction that became Section {{isdaprov|5(b)(v)}} of the {{2002ma}}. The 1992 wording is a bit lame, really. | |||
Here’s a snapshot of the difference: | |||
[[File:CEUM delta.png|450px|thumb|center|What what once was, overlaid with what now is.]] | |||
Revision as of 11:22, 12 April 2020
Numbering Discrepancy: Note the numbering discrepancy in Section 5(b) between the 1992 ISDA and 2002 ISDA. This is caused by a new 5(b)(ii) (Force Majeure Event) in the 2002 ISDA before Tax Event, which is thus shunted from Section 5(b)(ii) (in the 1992 ISDA) to Section 5(b)(iii) (in the 2002 ISDA).
- Section 5(a)(viii) is Merger Without Assumption.
1992 ISDA upgrade
Even before the 2002 ISDA was published it was common to upgrade the 1992 ISDA formulation to something resembling the glorious concoction that became Section 5(b)(v) of the 2002 ISDA. The 1992 wording is a bit lame, really.
Here’s a snapshot of the difference:
