Template:M summ 1992 ISDA Settlement Amount
Settlement Amount only applies to Transaction terminations where Market Quotation is the nominated valuation methodology. In the astoundingly unlikely circumstances[1] that there is not a Reference Market-maker on the Lord’s green planet with the time, risk tolerance or general inclination to give you, a competitor, a series of firm quotes on your portfolio that she knows you have no interest in actually hitting — let alone four of the blighters — note that this provision converts Market Quotation into Loss.
- ↑ Not remotely unlikely. Almost certain, in fact.