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Template:M summ 1992 ISDA Force Majeure Event: Difference between revisions
Template:M summ 1992 ISDA Force Majeure Event (view source)
Revision as of 16:48, 18 March 2020
, 18 March 2020no edit summary
Amwelladmin (talk | contribs) (Created page with "===Section {{isdaprov|5(b)(ii)}} in the {{1992ma}}=== There is no equivalent to the {{isdaprov|Force Majeure Event}} in the {{1992ma}}. An {{isda92prov|Impossibility}} clause...") |
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*Consider the impact re a deferral of {{isdaprov|Early Termination Amount}} etc. | *Consider the impact re a deferral of {{isdaprov|Early Termination Amount}} etc. | ||
The concept also impacts the basis of [[Close Out]] because the {{2002ma}} requires use of true mids for valuation i.e, not the mean of each party's view of the bid/offer where a {{isdaprov|Force Majeure Event}} (or {{isdaprov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a “Two {{isdaprov|Affected Parties}}” option. | The concept also impacts the basis of [[Close Out]] because the {{2002ma}} requires use of true mids for valuation i.e, not the mean of each party's view of the bid/offer where a {{isdaprov|Force Majeure Event}} (or {{isdaprov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a “Two {{isdaprov|Affected Parties}}” option. | ||