82,891
edits
Template:M summ 1992 ISDA Force Majeure Event: Difference between revisions
Template:M summ 1992 ISDA Force Majeure Event (view source)
Revision as of 09:55, 13 April 2020
, 13 April 2020no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 5: | Line 5: | ||
The concept also impacts the basis of [[close-out]] because the {{2002ma}} requires true [[mid]]s for valuation i.e, not simply the average of each party’s view of the [[Bid-offer spread|bid/offer]] where a {{isda92prov|Force Majeure Event}} (or {{isda92prov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a “Two {{isda92prov|Affected Parties}}” option. | The concept also impacts the basis of [[close-out]] because the {{2002ma}} requires true [[mid]]s for valuation i.e, not simply the average of each party’s view of the [[Bid-offer spread|bid/offer]] where a {{isda92prov|Force Majeure Event}} (or {{isda92prov|Illegality}}) occurs, which is effectively what you get under the {{1992ma}} with a “Two {{isda92prov|Affected Parties}}” option. | ||
The easiest way of achieving this is | The easiest way of achieving this is to sign up to the ISDA protocol on [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf Illegality and Force Majeure]. | ||