Template:M summ Equity Derivatives 4

If, having read the whole of Article 4, you are still feeling none the wiser about Forward Transactions, you are in good company, so fear not.

Definitions: One of the more pointless chapters in a definitions book well endowed with them, the definitions from Chapter 4 basically amount to “look in the Confirmation”.

Prepayment Terms: Section 4.2 is another one where the normally assiduous ISDA drafting committee really did seem to be phoning it in. What should one do if the related Confirmation says nothing at all about Prepayment? We treat that as having specified it as “inapplicable”.