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| {{isdacomparison}}<br> | | {{isda Close-out Amount comp|isdaprov}} |
| A {{isdaprov|Close-out Amount}} is the replacement/termination value for a single {{isdaprov|Transaction}}, or a related group of {{isdaprov|Transaction}}s that a party calculates when closing out an ISDA, but it is not the final sum due under the {{isdama}}. Each of the determined {{isdaprov|Close-out Amount}}s feeds into the {{isdaprov|Early Termination Amount}}, which is the total net sum due under the {{isdama}} at the conclusion of the close-out process. (See Section {{isdaprov|6(e)(i)}} for more on that).
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| {{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}}.
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