Template:M summ 2002 ISDA Close-out Amount: Difference between revisions

Template:M summ 2002 ISDA Close-out Amount (view source)

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 Note the prominent requirement to achieve a “''[[reasonable]]''” ({{1992ma}}) or “[[commercially reasonable|''commercially'' reasonable]]” ({{2002ma}}) result. On what that latter lovely expression means see {{casenote|Barclays|Unicredit}}.  Spoiler: it’s basically good for [[broker|brokers]] as long as they aren’t [[Non mentula esse|being total dicks]].
-There are some local variations which are worth bearing in mind:
-==={{isdaprov|Close-out Amount}} and Italian counterparties===
-See for more detail, here: [[Close-out Amount - ISDA Provision/Italian counterparties|Italian counterparties]]
-===Releationship with Early Termination Amount===
-For those curious about {{isdaprov|the difference between the Early Termination Amount and the Close-out Amount}} in the {{2002ma}}, look no further than back there, along the sentence you've just read. Go on.