Demands and Notices - VM CSA Provision
2016 VM CSA Anatomy™
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Presented with a once-in-twenty-year opportunity, ISDA’s crack drafting squad™ threw the kitchen sink at this one and revolutionised this vital Demands and Notices clause.
It would have been fun being a fly on the wall in ISDA’s Sistine chapel when the derivative cardinals thrashed this one out, don’t you reckon?