Consent - ISDA Provision
2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual™
consent in all its glory
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You might wonder whether this term really needed definition, and what calamity might have befallen the derivatives world had it not been created. Go on; go on, oh ye mighty ninjas: write in and tell me. I’m all ears.
If you are the sort of person you wonders whether the word “consent” includes permission, approval, regulatory authorisation or other general expression of acquiesence, and especially if you conclude it might not, this is the clause for you.
- The JC’s famous Nutshell™ summary of this clause
- We have tried to dream up something special and secret to say about this definition, but we haven’t managed anything just yet. Eyes peeled.