Template:M comp disc 2002 ISDA 5(e)

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There is no Section 5(e) in the 1992 ISDA. It came about through a confluence of the 2002 ISDA’s new Force Majeure Termination Event, an evolution of the existing Illegality 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.

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