Template:M comp disc 2002 ISDA Applicable Deferral Rate

This is all in the service of calculating interest at close out on payments that have been somehow deferred (under the Section 2(a)(iii) “flawed asset” provision, or because of Illegality or Force Majeure). It is, we think, an inordinate amount of verbal engineering to answer an uncontroversial question (viz., “what’s a fair interest rate to charge?”) in a deeply remote contingency.

ISDA’s crack drafting squad™. Never knowingly unfussed™.