Template:Nutshell 1992 ISDA 2(e)

2(e) Default Interest; Other Amounts. In the absence of an Early Termination Date on a Transaction:

(a) A party who defaults on a payment obligation must (subject to Section 6(c)) pay interest at the Default Rate on the overdue amount from the due date until the actual payment date, compounding daily.

(b) A party who defaults on a delivery obligation must compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.