Template:Isda 3 premium

• Subsection-by-subsection discussion of the Section 3(a) basic reps
• “... or Potential Event of Default” — and why this can run a truck over your carefully negotiated grace periods
• “... or would occur as a result of entering into this agreement” — say, what is that all about?
• More information, should you want it, as to why people ask for this clause, what it is driving at, why it does not make much difference.
• On being “covered by the Section 3(d) Representation” in that little table in the Schedule
• Should legal opinions be covered by the Section 3(d) rep?
• Should credit support documents be covered by the Section 3(d) rep?
• Should audited financial statements be covered by the Section 3(d) rep?
• Does it matter? Does any of this matter? Does life matter?
• A canter through the withholding terms under the ISDA, TLDR style.