Template:Isda Schedule 2(a) summ

Section {{{{{1}}}|3(e)}} is the operational part of the ISDA that triggers this representation, which ISDA’s crack drafting squad™ included in the preprint template {{{{{1}}}|Schedule}} rather than in the preprinted ISDA Master Agreement proper, perhaps nervous that the negotiation community might want to futz around with it.

Well, in nearly thirty years, they haven’t: ones intentions about tax when one makes a payment, rather than when one receives it, is a topic that even a seasoned negotiator — one accustomed to finding controversy where others would not, after all — will struggle to get animated about.

Thus this handsome slug of text, unmolested, sits in nigh-on every ISDA Master Agreement, just one of those things that passes unremarked in the world of financial derivatives.