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Notice (of Termination Event) - ISDA Provision: Difference between revisions
Notice (of Termination Event) - ISDA Provision (view source)
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Note the difficulty of practical compliance with this provision, given a sizeable ISDA portfolio, and the requirement for actively monitoring not only standard {{isdaprov|Termination Events}}, but also {{isdaprov|Additional Termination Events}}, which may be counterparty or even {{isdaprov|Transaction}}-specific. | Note the difficulty of practical compliance with this provision, given a sizeable ISDA portfolio, and the requirement for actively monitoring not only standard {{isdaprov|Termination Events}}, but also {{isdaprov|Additional Termination Events}}, which may be counterparty or even {{isdaprov|Transaction}}-specific. | ||
Be aware of the {{isdaprov|notices}} provision of the ISDA, especially if you're using a {{1992ma}} - [[Greenclose v National Westminster Bank plc - case note|NatWest Bank]] could tell you a thing or two about that. | |||
{{anat|isda}} | {{anat|isda}} | ||