ISDA Anatomy

5 Events of Default and Termination Events

• 5(a) Events of Default
  
• 5(b) Termination Events
  
• 5(c) Event of Default and Illegality
  
• 5(c) Hierarchy of Events
  

6 Early Termination

• 6(a) Right to Terminate following Event of Default
  
• 6(b) Right to Terminate following Termination Event
  
• 6(c) Effect of Designation
  
• 6(d) Calculations
  
• 6(e) Payments on Early Termination
  
• 6(f) Set Off