Affected Party - ISDA Provision

Revision as of 11:25, 4 December 2012 by Amwelladmin (talk | contribs)

In gory detail

1992 ISDA
Affected Party” has the meaning specified in Section 5(b) (Termination Events).

(view template)

2002 ISDA
Affected Party” has the meaning specified in Section 5(b) (Termination Events).

(view template)

Commentary

Note that ISDA in its wisdom chose not to have a generic term for the sort of person who is subject to either a Termination Event or a Default Event, so there is much "Defaulting Party of Affected Party, as the case may be" sort of malarkey.

Related Concepts