113
edits
Section 2(a)(iii) - ISDA Provision: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) m (1 revision) |
No edit summary |
||
| Line 8: | Line 8: | ||
#'''Time Limit''': Will now be triggered by the {{isdaprov|Defaulting Party}}serving notice on the {{isdaprov|Non-defaulting Party}}. Makes sense I think. Bank of England, FSA and Fed all keen for the period to be short (UK had suggested 1 month). | #'''Time Limit''': Will now be triggered by the {{isdaprov|Defaulting Party}}serving notice on the {{isdaprov|Non-defaulting Party}}. Makes sense I think. Bank of England, FSA and Fed all keen for the period to be short (UK had suggested 1 month). | ||
#'''Gross/Net issue''': (per | #'''Gross/Net issue''': (per {{casenote|Lomas|Firth Rixson}} and {{casenote|Marine Trade|Pioneer]]) | ||
#'''Due Date Expiry issue''': (per [[Marine Trade]]) | #'''Due Date Expiry issue''': (per [[Marine Trade]]) | ||
#'''Extinguishment issue''': (Firth Rixson) and the "Terminated Transaction" issue (per [[Pioneer v Cosco (Case Note)|Cosco]]). | #'''Extinguishment issue''': (Firth Rixson) and the "Terminated Transaction" issue (per [[Pioneer v Cosco (Case Note)|Cosco]]). | ||