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Template:ISDA Master Agreement 1992 2: Difference between revisions
Template:ISDA Master Agreement 1992 2 (view source)
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:{{isda92prov|2(a)(i)}} Each party will make each payment or delivery specified in each {{isda92prov|Confirmation}} to be made by it, subject to the other provisions of this Agreement. <br> | :{{isda92prov|2(a)(i)}} Each party will make each payment or delivery specified in each {{isda92prov|Confirmation}} to be made by it, subject to the other provisions of this Agreement. <br> | ||
:{{isda92prov|2(a)(ii)}} Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant {{isda92prov|Confirmation}} or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant {{isda92prov|Confirmation}} or elsewhere in this Agreement. <br> | :{{isda92prov|2(a)(ii)}} Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant {{isda92prov|Confirmation}} or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant {{isda92prov|Confirmation}} or elsewhere in this Agreement. <br> | ||
{{ISDA Master Agreement 1992 2(a)(iii)}} | |||
{{isda92prov|2(b)}} '''{{isda92prov|Change of Account}}.''' Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five {{isda92prov|Local Business Day}}s prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change. <br> | {{isda92prov|2(b)}} '''{{isda92prov|Change of Account}}.''' Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five {{isda92prov|Local Business Day}}s prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change. <br> | ||
{{isda92prov|2(c)}} '''{{isda92prov|Netting}}'''. If on any date amounts would otherwise be payable:— <br> | {{isda92prov|2(c)}} '''{{isda92prov|Netting}}'''. If on any date amounts would otherwise be payable:— <br> | ||