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Deduction or Withholding for Tax - ISDA Provision: Difference between revisions
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Deduction or Withholding for Tax - ISDA Provision (view source)
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{{tocbuilder|ISDA|2002|2(d)}} | {{tocbuilder|ISDA|2002|2(d)}} | ||
====Commentary==== | |||
You can revel in the full heft of these provisions in below. Observant and diligent scholars will notice that the {{1992ma}} and the {{2002ma}} versions of this clause, more or less, identical. Observant and less obedient scholars will remark how much of a pig's ear the ISDA drafting committee can make of drafting a relatively simple concept and, given a once-in-a-decade opportunity to improve its first attempt in the {{1992ma}}, how in 2002 the combined intellectual might of ISDA, its members, friends and relations, and their divers counsel, retinue and entourage, couldn't. | |||
This is, therefore, the apex of all possible derivatives drafting. Make you feel great to be alive, doesn't it. But here: let *me* have a go. | |||
{{nuts|ISDA|Gross-Up}} | |||
{{isdasnap|2(d)(i)}} | {{isdasnap|2(d)(i)}} | ||
{{isdasnap|2(d)(ii)}} | {{isdasnap|2(d)(ii)}} | ||
{{isdaanatomy}} | {{isdaanatomy}} | ||
}} | }} | ||