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Basic Representations - ISDA Provision: Difference between revisions
Basic Representations - ISDA Provision (view source)
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An observant negotiator (is there any other kind?) handling a {{1992ma}} might wish to add a new agency rep as Section {{isdaprov|3(a)(vi)}}. The framers of the {{isdama}} obviously thought this was such a good idea that they added a brand-new no-agency rep to the {{2002ma}}, only they can’t have felt it was basic enough to go in the {{isdaprov|Basic Representations}}, so they put it in a new clause all by itself at Section {{isdaprov|3(g)}}. | An observant negotiator (is there any other kind?) handling a {{1992ma}} might wish to add a new agency rep as Section {{isdaprov|3(a)(vi)}}. The framers of the {{isdama}} obviously thought this was such a good idea that they added a brand-new no-agency rep to the {{2002ma}}, only they can’t have felt it was basic enough to go in the {{isdaprov|Basic Representations}}, so they put it in a new clause all by itself at Section {{isdaprov|3(g)}}. | ||
But you don’t need a bespoke no-agency rep if you’re on a {2002ma}}, if that’s what you’re wondering. | But you don’t need a bespoke no-agency rep if you’re on a {{2002ma}}, if that’s what you’re wondering. | ||
{{ISDA 2002 Section 3 TOC}} | {{ISDA 2002 Section 3 TOC}} | ||