Template:M summ 2002 ISDA 5(a)(i): Difference between revisions

Template:M summ 2002 ISDA 5(a)(i) (view source)

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Replaced content with "{{isda 5(a)(i) summ|isdaprov}}"

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Revision as of 13:48, 24 February 2020 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Latest revision as of 12:21, 12 May 2021 (view source) Amwelladmin (talk \| contribs) (Replaced content with "{{isda 5(a)(i) summ\|isdaprov}}") Tag: Replaced
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	{{~~isdaprov\|Failure to Pay}} under Section {{isdaprov\|~~5(a)(i)~~}} of the {{isdama}}: where a party fails to pay or deliver on time and does not remedy before the [[grace period]] expires. The [[grace period]] for a {{2002ma}} is one {{~~isdaprov~~\|Local Business Day}}; shorter than the three Local Business Days in the {{1992ma~~}}~~. This fact alone has kept a number of market counterparties on the 1992 form, nearly thirty years after it was upgraded.~~		{{isda 5(a)(i) summ\|isdaprov}}