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Set-off - ISDA Provision: Difference between revisions
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{{isdaanat|6(f)}} | {{isdaanat|6(f)}} | ||
==={{2002ma}}=== | ==={{2002ma}}=== | ||
Set-off in the {{2002ma}} borrows from the text used to build it into the {{1992ma}} (see below) | Set-off in the {{2002ma}} borrows from the text used to build it into the {{1992ma}} (see below) but still contains a rather [[:Category:Schoolboy error|elementary fluff]]. It imagines a world where the {{isdaprov|Early Termination Amount}} is payable one way, while ''all'' {{isdaprov|Other Amounts}} are payable the other. | ||
For example: | For example: | ||
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*Net: {{isdaprov|Payee}} owes {{isdaprov|Payer}} 40. | *Net: {{isdaprov|Payee}} owes {{isdaprov|Payer}} 40. | ||
But what if there are {{isdaprov|Other Amounts}} payable the same way as the {{isdaprov|Early Termination Amount}}? | But what if there are {{isdaprov|Other Amounts}} payable ''the same way'' as the {{isdaprov|Early Termination Amount}}? | ||
*{{isdaprov|Payer}} owes Payee an {{ETA}} of 10 | *{{isdaprov|Payer}} owes Payee an {{ETA}} of 10 | ||