Template:M premium 2002 ISDA 2
Section 2(a)
- “Flawed Assets” generally
- What is meant by “payments” and “deliveries”, related conceptual matters, especially as regards “delivery”
- Modern electronic clearance as a practical control
Section 2(b)
- Wry speculation about what should happen if a counterparty changes its address to somewhere stupid, just to annoy everyone.
Section 2(c)
- Multiple Transaction Payment Netting — what’s that all about
- Transaction and collateral flows
- The curious timing lapse between transaction payments and collateral marks, and the not particularly good reason why they don’t net settle.