Template:Isda 1(b) summ: Difference between revisions

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(Created page with "===Section {{ {{{1}}}|1(b)}}=== It wouldn’t be ISDA if there weren’t a hierarchy clause; all this really establishes is the obvious: the pre-printed ISDA Master Agreement itself sits at the bottom and is modified between the counterparties by its Schedule; once negotiated and stuck into the netting database, the Schedule basically sits there unregarded and is modified as needs be for each Transaction under the {{ {{{1}}}|Confirmation}}. In point of fact the {{ {{{1}...")
 
(Replaced content with "{{Summ part 2002ma|1(b)}}")
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===Section {{ {{{1}}}|1(b)}}===
{{Summ part 2002ma|1(b)}}
It wouldn’t  be ISDA if there weren’t a hierarchy clause; all this really establishes is the obvious: the pre-printed ISDA Master Agreement itself sits at the bottom and is modified between the counterparties by its Schedule; once negotiated and stuck into the netting database, the Schedule basically sits there unregarded and is modified as needs be for each Transaction under the {{ {{{1}}}|Confirmation}}. In point of fact the {{ {{{1}}}|Confirmation}}s don’t tend to ''modify'' anything in the Master and {{ {{{1}}}|Schedule}} so much as  build on them, but if there is a consistency — and with a document as pedantic and overwrought as the ISDA you never know — then the most specific, recently edited document  will be the one that prevails.

Revision as of 10:44, 23 December 2023

Section 1(b)

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