Status of Parties - ISDA Provision

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ISDA Anatomy™
incorporating our exclusive ISDA in a Nutshell™


In a Nutshell Section Status of Parties:

Template:Nutshell 2002 ISDA Status of Parties view template

2002 ISDA full text of Section Status of Parties:

(3) Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction.

view template

Click here for the text of Section Status of Parties in the 1992 ISDA


Index: Click to expand:Navigation
The Varieties of ISDA Experience
Subject 2002 (wikitext) 1992 (wikitext) 1987 (wikitext)
Preamble Pre Pre Pre
Interpretation 1 1 1
Obligns/Payment 2 2 2
Representations 3 3 3
Agreements 4 4 4
EODs & Term Events 5

Events of Default
FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA
Termination Events
IllegalityTax EventTEUMCEUMATE

5

Events of Default
FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA
Termination Events
IllegalityTax EventTEUMCEUMATE

5

Events of Default
FTPDBreachCSDMisrepDUSTCross DefaultBankruptcyMWA
Termination Events
IllegalityFMTax EventTEUMCEUMATE

Early Termination 6

Early Termination
ET right on EODET right on TEEffect of DesignationCalculations

6

Early Termination
ET right on EODET right on TEEffect of DesignationCalculationsSet-off

6

Early Termination
ET right on EODET right on TEEffect of DesignationCalculationsSet-off

Transfer 7 7 7
Contractual Currency 8 8 8
Miscellaneous 9 9 9
Offices; Multibranch Parties 10 10 10
Expenses 11 11 11
Notices 12 12 12
Governing Law 13 13 13
Definitions 14 14 14
Schedule Schedule Schedule Schedule
Termination Provisions Part 1 Part 1 Part 1
Tax Representations Part 2 Part 2 Part 2
Documents for Delivery Part 3 Part 3 Part 3
Miscellaneous Part 4 Part 4 Part 4
Other Provisions Part 5 Part 5 Part 5

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A preprinted Additional Representation that forms part of the Relationship Between Parties trifecta. It will go unremarked upon by all but the most bored (or ill-advised) negotiator, so even though it is proper, state-the-obvious, did-you-really-need-to-spill-ink-to-say-that guff, just let it go. Have an argument about a NAV trigger if you are feeling ornery.