Template:M comp disc 2002 ISDA 6(e): Difference between revisions

Template:M comp disc 2002 ISDA 6(e) (view source)

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-{{t|M comp disc 2002 ISDA 6(e)}}
+{{isdaprov|Early Termination Amount}} is not actually defined in the {{1992ma}}, but is referred to obliquely in Section {{isdaprov|6(e)}} as:
+:''...The amount, [[if any]], payable in respect of an {{isdaprov|Early Termination Date}} and determined pursuant to this Section ...''
+Correctly, it is best referred to as a “Section {{isdaprov|6(e)}} Amount” under the {{1992ma}}, although of course everyone does call it the ''{{isdaprov|Early Termination Amount}}''.  This inevitability was recognised in the {{2002ma}}, where it is defined in Section {{isdaprov|6(e)}} as follows:
+:''... the amount, if any, payable in respect of that {{isdaprov|Early Termination Date}}.''
+But the {{2002ma}} also has a “{{isdaprov|Close-out Amount}}”, so you may want to know what the difference between the {{isdaprov|Early Termination Amount}} and the {{isdaprov|Close-out Amount}}, you know, ''is''. Yes?