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ISDA Comparison: Difference between revisions
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{{anat|isda}} | {{anat|isda}} | ||
So, you were wondering | So, you were wondering “what are the main differences between the {{1992isda}} and the {{2002isda}}?” Well, funny you should ask. I had the same question once upon a time, so I found out. They are below.<ref>What is that you say? You ''weren’t'' wondering about the differences between the {{1992isda}} and the {{2002isda}}? Well, in that case you might like [[Otto Büchstein]]’s uncelebrated opera, [[La Vittoria della Forma sulla Sostanza]]. | ||
==={{isdaprov|Close-Out Amount}} | ===[[Close-out]] method=== | ||
The {{2002ma}}, with its {{isdaprov|Close-Out Amount}}, is way simpler than the {{1992ma}} which gets bogged down with all this {{isdaprov|Loss}}, {{isdaprov|Market Quotation}}, {{isdaprov|First Method}}, {{isdaprov|Second Method}} malarkey. | |||
====Two way payments only==== | ====Two way payments only==== | ||
The {{1992isda}} offered parties the choice between one-way payment (the “{{isdaprov|First Method}}”) and two-way payment (the “{{isdaprov|Second Method}}”) of a settlement amount following the early termination and liquidation of the {{1992isda}}. The {{2002isda}} provides for only two-way payment. | The {{1992isda}} offered parties the choice between one-way payment (the “{{isdaprov|First Method}}”) and two-way payment (the “{{isdaprov|Second Method}}”) of a settlement amount following the early termination and liquidation of the {{1992isda}}. The {{2002isda}} provides for only two-way payment. | ||