Template:M summ 2002 ISDA 11: Difference between revisions

Template:M summ 2002 ISDA 11 (view source)

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-===An [[indemnity]] is all very well ...===
+{{isda 11 summ|isdaprov}}
-Bear in mind, also, that your operating theory here is that your counterparty is a {{isdaprov|Defaulting Party}} — i.e., it is broke. So while it’s a fine thing, this [[indemnity]] might not be of much practical use.
-===Not covered in the {{isdaprov|Close-out}} calculation?===
-No. The “{{isdaprov|Expenses}}” referred to in this provision would not be captured by the definition of “'''{{isdaprov|Close Out Amount}}'''” or “'''{{isdaprov|Early Termination Amount}}'''” because, [[Q.E.D.]], they arise only once that amount has been determined and the {{isdaprov|Non-Defaulting Party}} is in the process of collecting it.
-==={{isdaprov|Stamp Tax}} and Section {{isdaprov|4(e)}}===
-In the limited circumstance of default, this section modifies the arrangement for who pays {{isdaprov|Stamp Tax}} as set out in Section {{isdaprov|4(e)}} (which says it is the person whose tax residence precipitates it).