Template:ISDA Master Agreement 1992 6(e)(ii): Difference between revisions

:(1) '''One {{isdaprov|Affected Party}}'''. If there is one {{isdaprov|Affected Party}}, the amount payable will be determined <br>in accordance with Section {{isdaprov|6(e)(i)(3)}}, if {{isdaprov|Market Quotation}} applies, or Section {{isdaprov|6(e)(i)(4)}}, if <br>{{isdaprov|Loss}} <br>applies, except that, in either case, references to the {{isdaprov|Defaulting Party}} and to the {{isdaprov|Non-defaulting Party}} <br>will be deemed to be references to the {{isdaprov|Affected Party}} and the party which is not the <br>{{isdaprov|Affected Party}}, respectively, and, if {{isdaprov|Loss}} applies and fewer than all the {{isdaprov|Transactions}} are being <br>terminated, {{isdaprov|Loss}} shall be calculated in respect of all {{isdaprov|Terminated Transactions}}. <br>  

:(2) '''Two {{isdaprov|Affected Parties}}'''. If there are two {{isdaprov|Affected Parties}}: — <br>

::(B) if {{isdaprov|Loss}} applies, each party will determine its Loss in respect of this {{isdaprov|Agreement}} (or, <br>if fewer than all the {{isdaprov|Transactions}} are being terminated, in respect of all Terminated <br>Transactions) and an amount will be payable equal to one-half of the difference between <br>the {{isdaprov|Loss}} of the party with the higher Loss (“'''X'''”) and the Loss of the party with the lower <br>{{isdaprov|Loss}} (“'''Y'''”). <br>

:If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X <br>will pay the absolute value of that amount to Y. <br>