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1987 ISDA Interest Rate and Currency Exchange Agreement: Difference between revisions
1987 ISDA Interest Rate and Currency Exchange Agreement (view source)
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So if you find something odd, check the [[fossil record]] to see if it has been there from the outset. If it has — for example, the 20-day limit on close out notices under Section {{isda87prov|6(a)}} — then there’s a fair chance the market developments of the last 32 years might have rendered it pointless. | So if you find something odd, check the [[fossil record]] to see if it has been there from the outset. If it has — for example, the 20-day limit on close out notices under Section {{isda87prov|6(a)}} — then there’s a fair chance the market developments of the last 32 years might have rendered it pointless. | ||
===Differences between {{1987isda and {{1992isda}}=== | ===Differences between {{1987isda}} and {{1992isda}}=== | ||
The {{1992ma}} was introduced principally, to: | The {{1992ma}} was introduced principally, to: | ||
*'''Expand range of products covered''': Expand beyond [[interest rate derivatives]] and [[currency derivatives]] and promote the benefit of [[close-out netting]] | *'''Expand range of products covered''': Expand beyond [[interest rate derivatives]] and [[currency derivatives]] and promote the benefit of [[close-out netting]] | ||