Notice (of Termination Event) - ISDA Provision: Difference between revisions
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Latest revision as of 10:44, 22 June 2023
2002 ISDA Master Agreement A Jolly Contrarian owner’s manual™ 6(b)(i) in all its glory
Related agreements and comparisons
Resources and Navigation
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Overview
Updated in 2002 with special pleadings relating to the newly-introduced Force Majeure Termination Event.
Summary
Note the difficulty of practical compliance with this provision, given a sizeable ISDA portfolio, and the requirement for actively monitoring not only standard Termination Events, but also Additional Termination Events, which may be counterparty or even Transaction-specific.
Be aware of the notices provision of the ISDA Master Agreement, especially if you’re using a 1992 ISDA and you were thinking of serving by email — NatWest Bank could tell you a thing or two about that, as this lengthy article explains — or if the world happens to be in the grip of madness, hysteria, pandemic or something equally improbable[1] like an alien invasion.
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- The JC’s famous Nutshell™ summary of this clause
See also
References
- ↑ “The chances of anything coming from Mars were a million-to-one,” he said. Yet, still they came.