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

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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 {{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}}”.
{{nman|isda|1992|Close-out Amount}}
 
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]]