Notice (of Termination Event) - ISDA Provision
Section 6(b) of the 1992 ISDA
In gory detail
|
|
Analysis
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, 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 (here) can tell you.