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{{isdacomparison}}<br> | {{isdacomparison}}<br> | ||
{{eta vs close-out amount}} | {{eta vs close-out amount|isdaprov}} | ||
{{icds}} introduced the {{isdaprov|Close-out Amount}} into the {{2002ma}} to correct the total trainwreck of a close-out methodology set out in the {{1992ma}}. In the “good old days”, you valued {{isdaprov|Terminated Transaction}}s were valued according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}} and those un-intuitive and — well, flat-out ''nutso'' — “[[First Method - ISDA Provision|First]]” and “[[Second Method - ISDA Provision|Second]]” Methods. There is a “{{isda92prov|Settlement Amount}}” concept under the {{1992ma}}, but it only really relates to {{isda92prov|Market Quotation}}. | {{icds}} introduced the {{isdaprov|Close-out Amount}} into the {{2002ma}} to correct the total trainwreck of a close-out methodology set out in the {{1992ma}}. In the “good old days”, you valued {{isdaprov|Terminated Transaction}}s were valued according to {{isdaprov|Market Quotation}} or {{isdaprov|Loss}} and those un-intuitive and — well, flat-out ''nutso'' — “[[First Method - ISDA Provision|First]]” and “[[Second Method - ISDA Provision|Second]]” Methods. There is a “{{isda92prov|Settlement Amount}}” concept under the {{1992ma}}, but it only really relates to {{isda92prov|Market Quotation}}. |