Template:M premium 2002 ISDA 2(a)(iii)

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  • The mechanics of how and when 2(a)(iii) is triggered and the conceptual confusion arising from that
  • How this all relates to non-payment-or-delivery defaults
  • How corporate buyers of fully paid options tend to feel about 2(a)(iii), and the sorts of amendments they tend to make
  • Why regulators don’t like 2(a)(iii)
  • What the courts think of 2(a)(iii)
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