Template:M summ 2002 ISDA 2: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Section {{{{{1}}}|2(a)}} contains the fundamental payment and delivery obligations under the {{isdama}}; the remainder of the section is a random collection of harmless and un...") |
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Section {{{{{1}}}|2(a)}} contains the fundamental payment and delivery obligations under the {{isdama}}; the remainder of the section is a random collection of harmless and uncontroversial, or even unnecessary, bits of housekeeping such as how one changes settlement instructions (Section {{{{{1}}}|2(b)}}), under what circumstances the parties can next down offsetting payments in the ordinary course (Section {{{{{1}}}|2(c)}}), and arrangements for where and when one [[Gross up|grosses up]] for withholding tax (Section {{{{{1}}}|2(d)}}). | Section {{{{{1}}}|2(a)}} contains the fundamental payment and delivery obligations under the {{isdama}}; the remainder of the section is a random collection of harmless and uncontroversial, or even unnecessary, bits of housekeeping such as how one changes settlement instructions (Section {{{{{1}}}|2(b)}}), under what circumstances the parties can next down offsetting payments in the ordinary course (Section {{{{{1}}}|2(c)}} — though, spoiler, whenever they both feel like it), and arrangements for where and when one [[Gross up|grosses up]] for [[withholding tax]] is (Section {{{{{1}}}|2(d)}}). | ||
Revision as of 17:57, 25 April 2020
Section {{{{{1}}}|2(a)}} contains the fundamental payment and delivery obligations under the ISDA Master Agreement; the remainder of the section is a random collection of harmless and uncontroversial, or even unnecessary, bits of housekeeping such as how one changes settlement instructions (Section {{{{{1}}}|2(b)}}), under what circumstances the parties can next down offsetting payments in the ordinary course (Section {{{{{1}}}|2(c)}} — though, spoiler, whenever they both feel like it), and arrangements for where and when one grosses up for withholding tax is (Section {{{{{1}}}|2(d)}}).