Force Majeure Event - ISDA Provision: Difference between revisions

Force Majeure Event - ISDA Provision (view source)

4 bytes added , 4 December 2012

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 *Include a {{isdaprov|Hierachy of Events}};
 *Consider the impact re a deferral of {{isdaprov|Early Termination Amount}} etc.
-The concept also impacts the basis of [[Close Out]] because the {{isdaprov|2002ma}} requires use of true mids for valuation i.e, not the mean of each party's view of the bid/offer where a {{isdaprov|Force Majeure Event}} (or {{isdaprov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a "Two Affected Parties" option.
+The concept also impacts the basis of [[Close Out]] because the {{2002ma}} requires use of true mids for valuation i.e, not the mean of each party's view of the bid/offer where a {{isdaprov|Force Majeure Event}} (or {{isdaprov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a "Two {{isdaprov|Affected Parties}}" option.
 {{isdaanatomy}}