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Template:M gen 2002 ISDA Termination Currency Equivalent: Difference between revisions
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Template:M gen 2002 ISDA Termination Currency Equivalent (view source)
Revision as of 12:03, 18 March 2020
, 18 March 2020no edit summary
Amwelladmin (talk | contribs) (Created page with "Here’s what the Encyclopaedia Galactica<ref>AKA the offical ''User's Guide to the 2002 ISDA Master Agreement''.</ref> has to say about {{isdaprov|Termination Currency Eq...") |
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Here’s what the [[Encyclopaedia Galactica]]<ref>AKA the offical '' | Here’s what the [[Encyclopaedia Galactica]]<ref>AKA the offical ''User’s Guide to the 2002 ISDA Master Agreement''.</ref> has to say about {{isdaprov|Termination Currency Equivalent}}: | ||
:Under the {{2002isda}}, a payment on early termination will be made in the {{isdaprov|Termination Currency}}. The “{{isdaprov|Termination Currency}}” must be specified in Part 1(f) of the [[ISDA Schedule|Schedule]] to the {{2002isda}} and, if not specified or the currency specified is not freely available, the fallback will be U.S. dollar for a 2002 Agreement governed by [[New York]] law, and the [[euro]] if a {{2002isda}} is governed by English law. The 1992 Agreement had a U.S. dollar fallback regardless of the governing law of the {{1992isda}}. In calculating amounts payable, any {{isdaprov|Close-out Amount}} or {{isdaprov|Unpaid Amount}} is converted to a “{{isdaprov|Termination Currency Equivalent}}” on the basis of an exchange rate determined in accordance with the {{2002isda}} by a foreign exchange agent. | :Under the {{2002isda}}, a payment on early termination will be made in the {{isdaprov|Termination Currency}}. The “{{isdaprov|Termination Currency}}” must be specified in Part 1(f) of the [[ISDA Schedule|Schedule]] to the {{2002isda}} and, if not specified or the currency specified is not freely available, the fallback will be U.S. dollar for a 2002 Agreement governed by [[New York]] law, and the [[euro]] if a {{2002isda}} is governed by English law. The 1992 Agreement had a U.S. dollar fallback regardless of the governing law of the {{1992isda}}. In calculating amounts payable, any {{isdaprov|Close-out Amount}} or {{isdaprov|Unpaid Amount}} is converted to a “{{isdaprov|Termination Currency Equivalent}}” on the basis of an exchange rate determined in accordance with the {{2002isda}} by a foreign exchange agent. | ||