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Accuracy of Specified Information - ISDA Provision: Difference between revisions
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Accuracy of Specified Information - ISDA Provision (view source)
Revision as of 10:34, 9 March 2018
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{{nuts|2002 ISDA|3(d)}} | {{nuts|2002 ISDA|3(d)}} | ||
Note that the {{isdaprov|3(d)}} representation, in the ISDA {{isdaprov|documents for delivery}} table in the {{isdaprov|Schedule}}, therefore covers only the accuracy, completeness of Specified Information and not (for example) whether it is delivered at all or not. For that, see Section {{isdaprov|4(a)}} - {{isdaprov|Furnish Specified Information}}. | Note that the {{isdaprov|3(d)}} representation, in the ISDA {{isdaprov|documents for delivery}} table in the {{isdaprov|Schedule}}, therefore covers only the accuracy, completeness of Specified Information and not (for example) whether it is delivered at all or not. For that, see Section {{isdaprov|4(a)}} - {{isdaprov|Furnish Specified Information}}. | ||
{{commonnegpoints}} | |||
Opposing negotiators may try to crowbar in something like this, to satisfy their yen to make a difference and please their clients with their acumen and commercial fortitude: | |||
:''“or, in the case of financial information, a fair representation of the financial conditions of the relevant party, provided that the other party may rely on any such information when determining whether an Additional termination Event has occurred.”'' | |||
You have to ask what exactly this achieves, and how it is any different from the standard wording. | |||
{{Specified Information and Breach of Agreement}} | {{Specified Information and Breach of Agreement}} | ||
{{ref}} | {{ref}} | ||