Furnish Specified Information - ISDA Provision: Difference between revisions

Latest revision as of 13:12, 9 January 2022

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-{{fullanat2|isda|4(a)|2002|4(a)|1992}}
+#redirect[[Agreements - ISDA Provision]]
-In the {{t|ISDA}} {{isdaprov|schedule}} there's a part — {{isdaprov|Part 3}} as a matter of fact — containing table of {{isdaprov|Specified Information}}: documents that the parties agree to deliver to each other at certain times. The table in part 3 itemises what must be delivered, by whom, by when, and whether the {{isdaprov|Specified Information}} in question is covered by the Section {{isdaprov|3(d)}} representation as to accuracy and completeness. It will also totally bugger up the formatting in your document. It is a well-known fact that no [[ISDA negotiator]] on the face of the earth knows how to format a table in [[Microsoft Word]].
-Then again, nor does anyone else.
-==== Not providing documents for delivery is an Event of Default ====
-In any case, the significance of those documents is rendered by this provision: it is by dint of this that the parties agree to exchange them. A failure, therefore, to produce documents set out in {{isdaprov|4(a)(i)(ii)}} would amount to an {{isdaprov|Event of Default}} for {{isdaprov|Breach of Agreement}} under Section {{isdaprov|5(a)(ii)}}. Note that to get to this conclusion you need to follow a tortured chain of nested [[double negative|double negatives]] between clauses {{isdaprov|4(a)}} and {{isdaprov|5(a)(ii)}}.
-{{Withholding under ISDA}}