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Close-out Amount - ISDA Provision: Difference between revisions
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{{fullanatopen|isda|{{nuts|2002 ISDA|Close-out Amount}}<br>{{2002ma}} full text: <br>{{ISDA Master Agreement 2002 Close-out Amount}}}} | {{fullanatopen|isda|{{nuts|2002 ISDA|Close-out Amount}}<br>{{2002ma}} full text: <br>{{ISDA Master Agreement 2002 Close-out Amount}}}} | ||
From the [[you'll be sorry you asked]] file. Have a butchers at the nutshell version on the right: | From the [[you'll be sorry you asked]] file. Have a butchers at the nutshell version on the right: | ||
If, having read that, you're still not really feeling sorry, the full text might get your remorse radar pinging. | If, having read that, you're still not really feeling sorry, the full text (below) right might get your remorse radar pinging. | ||
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. | ||
There are some local variations which are worth bearing in mind: | There are some local variations which are worth bearing in mind: | ||
==={{isdaprov|Close-out | ==={{isdaprov|Close-out Amount}} and Italian counterparties=== | ||
See for more detail, here: [[Close-out Amount - ISDA Provision/Italian counterparties|Italian counterparties]] | See for more detail, here: [[Close-out Amount - ISDA Provision/Italian counterparties|Italian counterparties]] | ||
{{seealso}} | {{seealso}} | ||