Early Termination - ISDA Provision: Difference between revisions

Unlike the {{gmsla}} and many other — ahh, ''less sophisticated'' [[master agreements]]s<ref>Yes; there is some inter-[[industry association]] bitterness and snobbery here.<ref> — the {{isdama}} doesn’t have a general termination right of this sort ''at all''. You can ''only'' terminate {{isdaprov|Transactions}}, not the [[master agreement]] construct which sits around them itself. The empty vessel remains for all eternity as an immortal, ineffecual husk. This is to do with paranoid fears about the efficacy of the ISDA’s sainted [[close-out netting]] terms — meh; maybe — but I like to think it is because before he was cast out from heaven the dark lord left plans to unleash upon the world an army of wight-walker zombie ISDAs, doomed to roam the earth until the [[Omega|day of judgment]], apropos nothing but ''there'', not alive, but un-dead, ready to reanimate and rally to the banner of Sauron, Beelzebub, [[Lehman Brothers]] etc., should they be reincarnated, to rain apocalyptic hell on the armies of men.