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Template:Nutshell 2002 ISDA 6(e)(ii): Difference between revisions
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Template:Nutshell 2002 ISDA 6(e)(ii) (view source)
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:::(B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to Y. | :::(B) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Unpaid Amounts}} owing to Y. | ||
::If the {{isdaprov|Early Termination Amount}} is a positive number, Y will pay it to X; if negative , X will pay its absolute value to Y. | ::If the {{isdaprov|Early Termination Amount}} is a positive number, Y will pay it to X; if negative , X will pay its absolute value to Y. | ||
::(3) '''{{isdaprov|Mid-Market Events}}'''. In either case where the Termination Event is an {{isdaprov|Illegality}} or a {{isdaprov|Force Majeure Event}}, when determining a {{isdaprov|Close-out Amount}} the {{isdaprov|Determining Party}} will use [[mid-market | ::(3) '''{{isdaprov|Mid-Market Events}}'''. In either case where the Termination Event is an {{isdaprov|Illegality}} or a {{isdaprov|Force Majeure Event}}, when determining a {{isdaprov|Close-out Amount}} the {{isdaprov|Determining Party}} will use [[mid-market valuation]]s that do not take the {{isdaprov|Determining Party}}’s own creditworthiness into account. <br> | ||