Early Termination Amount - ISDA Provision: Difference between revisions

Latest revision as of 22:33, 13 March 2024

Redirect to:

@@ Line 1: / Line 1: @@
-{{isdaanat|6(e)}}
+#redirect[[Payments on Early Termination - ISDA Provision]]
-{{isdaprov|Early Termination Amount}} is not actually defined in the {{1992ma}}, but is referred to obliquely in Section {{isdaprov|6(e)}} as:
-:''...The amount, [[if any]], payable in respect of an {{isdaprov|Early Termination Date}} and determined pursuant to this Section ...''
-Correctly, it is best referred to as a "Section {{isdaprov|6(e)}} Amount" under the {{1992ma}}, although of course everyone does call it the ''{{isdaprov|Early Termination Amount}}''.  This inevitability was recognised in the {{2002ma}}, where it is defined in Section {{isdaprov|6(e)}} as follows:
-:''... the amount, if any, payable in respect of that {{isdaprov|Early Termination Date}}.''
-But the {{2002ma}} also has a close-out Amount, so you may want to know what is {{isdaprov|the difference between the Early Termination Amount and the Close-out Amount}}. Yes? Go on, then!