Template:Isda 5(e) comp: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "There is no Section {{isdaprov|5(e)}} in the {{1992ma}}, so you have to conclude that someone, in the last decade of the Millennium, has some kind of come-to-Jesus moment about what happens if there is a {{{{{1}}}|Force Majeure}} or {{{{{1}}}|illegality}} that affects only certain of a party’s branches but not the whole thing, and so lobbied to include this wording.") |
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There is no Section {{isdaprov|5(e)}} in the {{1992ma}} | There is no Section {{isdaprov|5(e)}} in the {{1992ma}}. It came about through a confluence of the {{2002ma}}’s new {{isdaprov|Force Majeure}} {{{{{1}}}|Termination Event}}, an evolution of the existing {{isdaprov|Illegality}} {{{{{1}}}|Termination Event}}, and what we can only put down to down-home crazy-apes paranoia from {{icds}}, about which we hypothesise in some detail in the premium section. Our imagined explanation involves Pink Floyd axe-man David Gilmour and some disrupted Moroccan Dirham remittances, if that is any incentive. | ||
Latest revision as of 13:50, 27 December 2023
There is no Section 5(e) in the 1992 ISDA. It came about through a confluence of the 2002 ISDA’s new Force Majeure {{{{{1}}}|Termination Event}}, an evolution of the existing Illegality {{{{{1}}}|Termination Event}}, and what we can only put down to down-home crazy-apes paranoia from ISDA’s crack drafting squad™, about which we hypothesise in some detail in the premium section. Our imagined explanation involves Pink Floyd axe-man David Gilmour and some disrupted Moroccan Dirham remittances, if that is any incentive.