Template:M comp disc EUA Annex Settlement Disruption

The same broad concept is dealt with as follows:

• ISDA: Settlement Disruption Event
• EFET: Force Majeure
• IETA: Force Majeure

If you harbour a paranoid suspicion that ISDA’s crack drafting squad™ functions as a kind of militant wing of the international brotherhood of law societies, with an overarching mission of preserving the livelihood of qualified lawyers with colossal boredom thresholds, this drafting will do nothing to allay it.

We hear it told that the ’squad run regular internal assault course drills where inductees are woken up at dawn, made to run around a parade-ground in their underpants at the point of a bayonet rendering simple concepts into multi-paragraph byzantine tracts as they go, and this is the product of one such institutional hazing session.