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Terminated Transactions - ISDA Provision: Difference between revisions
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Terminated Transactions - ISDA Provision (view source)
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{{isdaanat|Terminated Transactions}} | {{isdaanat|Terminated Transactions}}This might help answer the vexed question of why there that curious “[[Right to Terminate Following Event of Default - ISDA Provision|by not more than 20 days’ notice]]” period for a close-out notice under Section {{isdaprov|6(a)}}. You may have a {{isdaprov|Transaction}} that is due to roll off and you want it to settle before you close out the portfolio. It is not a very compelling reason, in fairness. But it at least suggests someone at [[ISDA]] was thinking about it. | ||
===Proposed ISDA amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}=== | ===Proposed ISDA amendments as a result of adjustment to {{isdaprov|Section 2(a)(iii)}}=== | ||
The 2(a)(iii) amendment seems to have lost its heat but there was a time when ISDA was proposing the following: | The 2(a)(iii) amendment seems to have lost its heat but there was a time when ISDA was proposing the following: | ||
:{{ISDA Master Agreement 2002 Terminated Transactions Definition Protocol}} | :{{ISDA Master Agreement 2002 Terminated Transactions Definition Protocol}} | ||