Template:Isda 2(a)(iii) comp: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
Section {{{{{1}}}|2(a)(iii)}} is the world-famous, notorious, much-feared “[[flawed asset]]” provision in the {{isdama}}. The text is unchanged between the {{1992ma}} and the {{2002ma}}. However there ''was'' a change from the {{1987ma}} which did not have the middle condition precedent that “no {{{{{1}}}|Early Termination Date}} in respect of the relevant Transaction has occurred or been effectively designated”. | Section {{{{{1}}}|2(a)(iii)}} is the world-famous, notorious, much-feared “[[flawed asset]]” provision in the {{isdama}}. The text is unchanged between the {{1992ma}} and the {{2002ma}}. However there ''was'' a change from the {{1987ma}} which did not have the middle condition precedent that “no {{{{{1}}}|Early Termination Date}} in respect of the relevant {{{{{1}}}|Transaction}} has occurred or been effectively designated”. As to what this achieved, we speculate below. | ||
Revision as of 15:27, 1 February 2024
Section {{{{{1}}}|2(a)(iii)}} is the world-famous, notorious, much-feared “flawed asset” provision in the ISDA Master Agreement. The text is unchanged between the 1992 ISDA and the 2002 ISDA. However there was a change from the 1987 ISDA which did not have the middle condition precedent that “no {{{{{1}}}|Early Termination Date}} in respect of the relevant {{{{{1}}}|Transaction}} has occurred or been effectively designated”. As to what this achieved, we speculate below.