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Template:M summ 1992 ISDA Force Majeure Event: Difference between revisions
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Template:M summ 1992 ISDA Force Majeure Event (view source)
Revision as of 09:52, 13 April 2020
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*Consider the impact of a deferral on the {{isda92prov|Early Termination Amount}} etc. | *Consider the impact of a deferral on the {{isda92prov|Early Termination Amount}} etc. | ||
The concept also impacts the basis of [[close-out]] because the {{2002ma}} requires true [[mid]]s for valuation i.e, not simply the average of each party’s view of the [[Bid-offer spread|bid/offer]] where a {{isda92prov|Force Majeure Event}} (or {{isda92prov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a “Two {{isda92prov|Affected Parties}}” option. | The concept also impacts the basis of [[close-out]] because the {{2002ma}} requires true [[mid]]s for valuation i.e, not simply the average of each party’s view of the [[Bid-offer spread|bid/offer]] where a {{isda92prov|Force Majeure Event}} (or {{isda92prov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a “Two {{isda92prov|Affected Parties}}” option. | ||
The easiest way of achieving this is probably to sign up to the [[ISDA protocol]] on force majeure and illegality. | |||