Template:Isda 6(f) comp

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Revision as of 09:39, 6 January 2024 by Amwelladmin (talk | contribs) (Created page with "The {{1992isda}} does not have a specific set-off provision, although it manages to define {{isda92prov|Set-off}} anyway. ISDA published a ''suggested'' set-off provision in the 1992 User’s Guide but no-one liked it, and before long several home-made versions were percolating around the market. These often permitted set-off between the {{{{{1}}}|Innocent Party}}’s '''{{{{{1}}}|Affiliate}}s''' and the non-performing party. {{icds}} got the hint and impl...")
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The 1992 ISDA does not have a specific set-off provision, although it manages to define Set-off anyway.

ISDA published a suggested set-off provision in the 1992 User’s Guide but no-one liked it, and before long several home-made versions were percolating around the market. These often permitted set-off between the {{{{{1}}}|Innocent Party}}’s {{{{{1}}}|Affiliate}}s and the non-performing party.

ISDA’s crack drafting squad™ got the hint and implemented a fully-fledged set-off provision based on this language into the 2002 ISDA — but not without a little boo-boo. As to which, read on —

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