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| {{fullanat2|isda|6(a)|1992|6(a)|2002}}Automatic Early Termination is a concept which exists in Section {{isdaprov|6(a)}} {{isdaprov|Right to Terminate Following Event of Default}} of the {{isdama}}. it is relevant to [[Netting]]. | | {{nman|isda|2002|Automatic Early Termination}} |
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| ===AET under the {{1987ma}}===
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| Note the somewhat difficult position for AET under the {{1987ma}} - a fuller discussion at that article - which was part of the reason for the move to the {{1992ma}} uin the first place.
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| ==Analysis==
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| Note that {{isdaprov|AET}} is only triggered by certain events under the {{isdaprov|Bankruptcy}} [[Events of Default - ISDA Provision|event of default]], and isn't triggered by {{isdaprov|Cross Default}} for example.
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| It only applies to formal bankruptcy events in the jursidction, not "catastrophic credit events that are effectively as good bankruptcy" provisions which don't amount to formal bankruptcy events, for reasons that will become clear below.
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| ==Discussion==
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| {{automaticearlytermination}}
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| {{isdaanatomy}}
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| *{{isdaprov|Right to Terminate Following Event of Default}}
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