Template:M comp disc 2002 ISDA 5(a)(i): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "The significant change between {{1992ma}} and {{2002ma}} is the restriction of that grace period from ''three'' {{isdaprov|Local Business Day}}s to ''one''. And a bit of c...") |
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The significant change between {{1992ma}} and {{2002ma}} is the restriction of that [[grace period]] from ''three'' {{isdaprov|Local Business Day}}s to ''one''. And a bit of convolutional frippery in introducing {{isdaprov|Local Delivery Day}}s as well. | The significant change between {{1992ma}} and {{2002ma}} is the restriction of that [[grace period]] from ''three'' {{isdaprov|Local Business Day}}s to ''one''. And a bit of convolutional frippery in introducing {{isdaprov|Local Delivery Day}}s as well. | ||
Compare also {{cddprov| Failure to Pay}} under the {{cddefs}}, which is subtly different given the different purpose that it plays under a [[CDS]]. | |||
Revision as of 20:50, 28 May 2023
The significant change between 1992 ISDA and 2002 ISDA is the restriction of that grace period from three Local Business Days to one. And a bit of convolutional frippery in introducing Local Delivery Days as well.
Compare also Failure to Pay under the 2014 ISDA Credit Derivatives Definitions, which is subtly different given the different purpose that it plays under a CDS.