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| [[6(c) - ISDA Provision|Once]] you have designated your {{isdaprov|Early Termination Date}} under Section {{isdaprov|6(a)}}, proceed directly to Section {{isdaprov|6(e)}} to determine the {{isdaprov|Close-out Amount}} (if you are under a {{2002ma}}, or “tiresomely unlabelled amount payable upon early termination of the {{isdama}}” if you a labouring under a {{1992ma}}).
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| The key thing to observe here is that, suddenly, all {{isdaprov|Transactions}} vanish, and all payments and deliveries due under them are suspended, to be replaced by the single {{isdaprov|Close-out Amount}} per {{isdaprov|Transaction}}, which is then subsumed into the {{isdaprov|Early Termination Amount}} for the whole agreement. Note the {{isdaprov|Close-out Amount}} does not have an independent existence as a payable amount owed by any party at any point: it is simply a calculation one makes, by reference to a now extinguished {{isdaprov|Transaction}}, on the way to determining the whole-agreement Early Termination Amount. This is why a [[Transaction-specific guarantee]] is a flawed type of {{isdaprov|Credit Support Document}} — at the very point you call upon it, the {{isdaprov|Transaction}} will vanish.
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