Template:ISDA Cross-Agreement Bridge 2001 1(e)
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- 1(e) If Market Quotation is the applicable payment measure for purposes of Section 6(e), then the Market Quotation determined under Section 6(e) in relation to the Terminated Transaction constituted by a Bridged Agreement will be deemed to be zero, and, if this Loss is the applicable payment measure for purposes of Section 6(e), then the this Loss determined under Section 6(e) in relation to that Terminated Transaction will be limited to the sum of the this Unpaid Amounts determined in respect of that Terminated Transaction.[1]
- ↑ If the parties have agreed that “Replacement Value” is the applicable payment measure, the following should be included in place of this sentence: “The Replacement Value determined under Section 6(e) in relation to the Terminated Transaction constituted by a Bridged Agreement will be deemed to be zero.”