82,891
edits
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
Amwelladmin (talk | contribs) No edit summary Tags: Mobile edit Mobile web edit |
||
Line 5: | Line 5: | ||
Close-out amount as a concept was introduced in the {{2002ma}} and doesn't exist under the {{1992ma}}. Instead, in the good old days, terminated transactions were valued according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}} and those utterly unintuitive [[First Method - ISDA Provision|first]] and [[Second Method - ISDA Provision|second]] methods. | Close-out amount as a concept was introduced in the {{2002ma}} and doesn't exist under the {{1992ma}}. Instead, in the good old days, terminated transactions were valued according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}} and those utterly unintuitive [[First Method - ISDA Provision|first]] and [[Second Method - ISDA Provision|second]] methods. | ||
Note prominent requirement to achieve a [[commercially reasonable]] result. On what that means see {{casenote|Barclays|Unicredit}}. | Note prominent requirement to achieve a [[reasonable]] ({{1992ma}}) or [[commercially reasonable]] ({{2002ma}}) result. On what that means see {{casenote|Barclays|Unicredit}}. | ||
There are some local variations which are worth bearing in mind: | There are some local variations which are worth bearing in mind: |