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Termination Currency - ISDA Provision: Difference between revisions
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Termination Currency - ISDA Provision (view source)
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{{ | {{fullanat2|isda|Termination Currency|2002|Termination Currency|1992}} | ||
{{Commentary}} | |||
Note that the {{2002ma}} defaults to GBP or USD where not otherwise specified. This means a 2002 version {{tag|LFC}} does not need to specify a {{isdaprov|Termination Currency}}. | Note that the {{2002ma}} defaults to GBP or USD where not otherwise specified. This means a 2002 version {{tag|LFC}} does not need to specify a {{isdaprov|Termination Currency}}. | ||
The {{isdaprov|Termination Currency}} concept can be applied to the termination and closeout of single {{isdaprov|Transaction}}s or groups of {{isdaprov|Transaction}}s, so it does make sense for it to be "a currency in which payments are due to be made under the relevant {{isdaprov|Terminated Transaction}}" - or some such thing. | The {{isdaprov|Termination Currency}} concept can be applied to the termination and closeout of single {{isdaprov|Transaction}}s or groups of {{isdaprov|Transaction}}s, so it does make sense for it to be "a currency in which payments are due to be made under the relevant {{isdaprov|Terminated Transaction}}" - or some such thing. | ||
{{isdaanatomy}} | {{isdaanatomy}} | ||