Change of Account - ISDA Provision
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Overview
But for the new definition of Scheduled Settlement Date in the 2002 ISDA, the 1992 ISDA text is formally the same.
Summary
ISDA’s crack drafting squad™ phoning it in, we are obliged to say, and not minded to make any better a job of it when given the opportunity to in 2002.
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- The JC’s famous Nutshell™ summary of this clause
- Wry speculation about what should happen if a counterparty changes its address to somewhere stupid, just to annoy everyone.