Loss - 1992 ISDA Provision
Jump to navigation
Jump to search
Template:Isda92anat Loss is a means of valuing Transactions following their Early Termination under the 1992 ISDA. Spoddy point: the definition of Loss in the 1992 ISDA includes the “Unpaid Amount” concept in its definition: “Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made...”
Loss no more
Under the 2002 ISDA it (and Market Quotation) was superseded by the better concept of the Close-out Amount.