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Section 2(a)(iii) - ISDA Provision: Difference between revisions
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Section 2(a)(iii) - ISDA Provision (view source)
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{{fullanat2|isda|2(a)(iii)|2002|2(a)(iii)|1992}} | |||
The world-famous [[flawed asset]] provision in the {{isdama}} | The world-famous [[flawed asset]] provision in the {{isdama}} | ||
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==Original Text of Section {{isdaprov|2(a)(iii)}}== | ==Original Text of Section {{isdaprov|2(a)(iii)}}== | ||
The original language is in the panel above right. Innocuous looking, isn't it. But then the Protocol of the Elders of ISDA had a go at fixing [[Metavante]] concerns. Now look what they've done: | |||
Innocuous looking, isn't it. But then the Protocol of the Elders of ISDA had a go at fixing [[Metavante]] concerns. Now look what they've done: | |||
==Modified Text as per ISDA draft protocol== | ==Modified Text as per ISDA draft protocol== | ||