Automatic Early Termination - ISDA Provision: Difference between revisions

Automatic Early Termination - ISDA Provision (view source)

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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]]. Click here for the [http://sharepoint/sites/legal/Shared%20Library/Netting.aspx Jurisdictional Netting Matrix], should that seem like a useful place to go.
-*'''AET under the {{1987ma}}''': Note the somewhat difficult position for AET under the {{1987ma}} - a discussion at that article.
+===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 AET is only triggered by a {{isdaprov|Bankruptcy}} [[Events of Default - ISDA Provision|event of default]], and isn't triggered by {{isdaprov|Cross Default}} for example.
+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==