Template:M comp disc 2002 ISDA Unpaid Amounts

Unpaid Amounts are of interest in two cases:

Default — obviously, they a significant possibility where a party is not meetings it obligations as they fall due; and

When taking credit support — because they must be remembered when calculating ones Exposure.

You may want to know where Unpaid Amounts feature in the ISDA Master Agreement. The answer: In Payments on Early Termination: Section 6(e)(i) (for Events of Default) and 6(e)(ii) (for Termination Events) and 6(e)(iv) (Adjustment for Illegality or Force Majeure Event).