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 anyway, 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}}”. In the context of a {{1992ma}} that is what we mean by “Close-out Amount”.		{{nman\|isda\|1992\|Close-out Amount}}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 anyway, 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}}”. In the context of a {{1992ma}} that is what we mean by “Close-out Amount”.

	{{isdaprov\|Close-out Amount}} is the shorthand term, introduced in the {{2002ma}} for the value you get from terminating {{isdaprov\|Transaction}}s on a, well, close-out. The {{icds}} of the [[First Men]], were less committed to Ellroyesque machine-gun prose than were their millennial successors, you see.		{{isdaprov\|Close-out Amount}} is the shorthand term, introduced in the {{2002ma}} for the value you get from terminating {{isdaprov\|Transaction}}s on a, well, close-out. The {{icds}} of the [[First Men]], were less committed to Ellroyesque machine-gun prose than were their millennial successors, you see.