Template:Eta vs close-out amount: Difference between revisions

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-===On the difference between an “{{isdaprov|Early Termination Amount}}” and a “{{isdaprov|Close-out Amount}}”===
+=====On the difference between an “Early Termination Amount” and a “Close-out Amount”=====
-The {{1992ma}} features ''neither'' an {{isdaprov|Early Termination Amount}} ''or'' a {{isdaprov|Close-out Amount}}, which many would see as a regrettable oversight. The {{2002ma}} has both, which looks like rather an indulgence, until you realise that they do different things.<ref>This is not to say it isn’t hugely over-engineered, all the same: regular readers will know that the [[JC]] would ''never'' not say that about the output of {{icds}}.</ref>
-A {{isdaprov|Close-out Amount}} is the termination value for a single {{isdaprov|Transaction}}, or a related group of {{isdaprov|Transaction}}s that a {{isdaprov|Non-Defaulting Party}} or {{isdaprov|Non-Affected Party}} calculates ''while'' closing out an {{2002ma}}, but it is ''not'' the final, overall sum due under the {{isdama}} itself. Each of the determined {{isdaprov|Close-out Amount}}s summed with the various {{isdaprov|Unpaid Amount}}s to arrive at the {{isdaprov|Early Termination Amount}}, which is the total net sum due under the {{isdama}} at the conclusion of the close-out process. (See Section {{isdaprov|6(e)(i)}} for more on that).
+Regrettably, the {{1992ma}} features ''neither'' an {{{{{1}}}|Early Termination Amount}} ''nor'' a {{{{{1}}}|Close-out Amount}}. The {{2002ma}} has both, which looks like rather an indulgence until you realise that they do different things.
+A {{{{{1}}}|Close-out Amount}} is the termination value for a single {{{{{1}}}|Transaction}}, or a related group of {{{{{1}}}|Transaction}}s that a {{{{{1}}}|Non-Defaulting Party}} or {{{{{1}}}|Non-Affected Party}} calculates ''while'' closing out an {{2002ma}}, but it is ''not'' the final, overall sum due under the {{isdama}} itself. Each of the determined {{{{{1}}}|Transaction}} {{{{{1}}}|Close-out Amount}}s summed with the various {{{{{1}}}|Unpaid Amount}}s to arrive at the {{{{{1}}}|Early Termination Amount}}, which ''is'' the total net sum due under the {{isdama}} after the close-out process. (See Section {{{{{1}}}|6(e)(i)}} for more on that).