Waiting Period - ISDA Provision

2002 ISDA Master Agreement

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Waiting Period in a Nutshell™

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Waiting Period in all its glory

“Waiting Period” means:― (a) in respect of an event or circumstance under Section 5(b)(i), other than in the case of Section 5(b)(i)(2) where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no Waiting Period will apply), a period of three Local Business Days (or days that would have been Local Business Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance; and (b) in respect of an event or circumstance under Section 5(b)(ii), other than in the case of Section 5(b)(ii)(2) where the relevant payment, delivery or compliance is actually required on the relevant day (in which case no Waiting Period will apply), a period of eight Local Business Days (or days that would have been Local Business Days but for the occurrence of that event or circumstance) following the occurrence of that event or circumstance. edit

Related agreements and comparisons

Click here* for the text of Section Waiting Period in the 1992 ISDA* There is no “Waiting Period” in the 1992 ISDA

Resources and Navigation

This provision in the 1992

Index: Click ᐅ to expand: 2002 ISDA 1992 ISDA

Overview

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