Automatic Early Termination - ISDA Provision: Difference between revisions

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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}}
 
===AET under the {{1987ma}}===
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.
 
{{isdasnap|6(a)}}
 
==Analysis==
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.
 
==Discussion==
{{automaticearlytermination}}
 
{{isdaanatomy}}
*{{isdaprov|Right to Terminate Following Event of Default}}