Miscellaneous (Schedule) - ISDA Provision
2002 ISDA Master Agreement
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Crosscheck: Schedule Part 4 in a Nutshell™ Original text:
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Overview
Broadly the same as in the 1992 ISDA and the 2002 ISDA. The payment netting under 2(c) is slightly different thanks to the introduction of the Multiple Transaction Payment Netting concept.
Summary
If you often get yourself into a fight on this section of the Schedule can we recommend anger management classes? This is all very much work-a-day, keeping the lights on material.
The Additional Representations are, yes, laborious, turgidly drafted and state much that really ought to go without saying, but they are, thirty-something years into the Swapassic Era, canon, a part of the furniture, and really just asking to be left alone, untouched and unremarked upon.
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- JC’s “nutshell” summary of the clause
- Background reading and long-form essays
See also
References
- ↑ Usually the Dealer.