Template:M comp disc 2002 ISDA 5(a)(v)
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DUST has been expanded in five significant ways by the 2002 ISDA. See the summary and general sections for details.
The mini closeout point, as we discuss in the commentary below, is technically correct but should have led to a simplification of the DUST provision, rather than a convolution of it. I know what you’re thinking, and you’re right: like that was ever going to happen.