Events of Default (Early Termination Payments) - ISDA Provision: Difference between revisions

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#redirect[[Payments on Early Termination - ISDA Provision]]
==Commentary==
Note the effect of this is that all transactions are terminated and the recourse is to a net sum under Section {{isdaprov|6(e)}} of the {{isdama}} - NOT under the {{isdaprov|Transactions}}. Therefore, if your [[credit support]] (particularly [[guarantee]]s or [[LC|letters of credit]]) explicitly references the {{isdaprov|Transaction}}, you may lose any credit support at precisely the point you want to rely on it. Further commentary on the [[Guarantee]] page.
 
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*[[Guarantee]]

Latest revision as of 18:35, 13 April 2020

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