Template:Isda Terminated Transactions summ

“{{{{{1}}}|Terminated Transactions}}” might help answer the vexed question of what that curious “by not more than 20 days’ notice” period for a close-out notice under Section 6(a) is meant to achieve. You may have a 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 on the ISDA drafting commitee was thinking about it, even if not especially insightfully.