Close-out Amount - 1992 ISDA Provision: Difference between revisions

Close-out Amount - 1992 ISDA Provision (view source)

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-{{a|isda|}}Now the dirty secret is that there ''isn’t'' a “Close-out Amount” as such under a {{1992ma}} but, in places, on this wiki we’ll refer to one, because it is better, more elegant, more stylish prose than “the amount determined following early termination of a {{isdaprov|Terminated Transaction}} using {{isdaprov|Market Quotation}} or {{isdaprov|Loss}} ([[as the case may be]]) and the {{isdaprov|Second Method}}, seeing as no-one in their right mind would agree to the {{isdaprov|First Method}}, under the {{1992ma}}”.
+{{a|isda|}}Now the dirty secret is that there ''isn’t'' a “Close-out Amount” as such under a {{1992ma}} but, in places, on this wiki we’ll refer to one, because it is better, more elegant, more stylish prose than “the amount determined following early termination of a {{isda92prov|Terminated Transaction}} using {{isda92prov|Market Quotation}} or {{isda92prov|Loss}} ([[as the case may be]]) and the {{isda92prov|Second Method}}, seeing as no-one in their right mind would agree to the {{isda92prov|First Method}}, under the {{1992ma}}”.
+Close-out Amount is the shorthand term, introduced in the {{2002ma}} for the value you get from terminating Transactions on a, well, close-out. The {{icds}} of the First Men, were less committed to Ellroyesque machine-gun prose than were there Millennial successors, you see.
+{{Sa}}
+*{{isda92prov|Market Quotation}}
+*{{isda92prov|Loss}}
+*{{isda92prov|Terminated Transaction}}
+*The [[First Men]]