Set-off - ISDA Provision: Difference between revisions

Set-off - ISDA Provision (view source)

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 =={{1992ma}}==
 The 1992 ISDA contains no provision specifically allowing a right of set off. There is a definition of Set-off, however:
- "'''Set-off'''" means set-off, offset, combination of accounts, right of retention or withholding or similar right
+{{isdaquote|{{clause|ISDA|Master Agreement|1992|Set-off Definition}}}}
- or requirement to which the payer of an amount under Section 6 {{isdaprov|Early Termination}} is entitled or subject
- (whether arising under  this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed
- on, such payer.
 =={{2002ma}}==