Template:Nutshell 1992 ISDA Settlement Amount: Difference between revisions

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(Created page with "“'''{{isdaprov|Settlement Amount}}'''” means, for a party and any {{isdaprov|Early Termination Date}}, the sum of: — :(a) the {{isdaprov|Termination Currency Equivalent}...")
 
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“'''{{isdaprov|Settlement Amount}}'''” means, for a party and any {{isdaprov|Early Termination Date}}, the sum of: —
“'''{{isda92prov|Settlement Amount}}'''” means, for a party and any {{isda92prov|Early Termination Date}}, the sum of: —
:(a) the {{isdaprov|Termination Currency Equivalent}} of the {{isdaprov|Market Quotation}}s for each {{isdaprov|Terminated Transaction}} for which a {{isdaprov|Market Quotation}} is determined; and
:(a) the {{isda92prov|Termination Currency Equivalent}} of the {{isda92prov|Market Quotation}}s for each {{isda92prov|Terminated Transaction}} for which a {{isda92prov|Market Quotation}} is determined; and
:(b) such party’s {{isdaprov|Loss}} (without reference to any {{isdaprov|Unpaid Amounts}}) for each {{isdaprov|Terminated Transaction}} for which a {{isdaprov|Market Quotation}} cannot be determined or would not (in the determining party’s reasonable opinion) produce a commercially reasonable result. <br>
:(b) such party’s {{isda92prov|Loss}} (without reference to any {{isda92prov|Unpaid Amounts}}) for each {{isda92prov|Terminated Transaction}} for which a {{isda92prov|Market Quotation}} cannot be determined or would not (in the determining party’s reasonable opinion) produce a commercially reasonable result. <br>

Latest revision as of 14:25, 16 March 2020

“Settlement Amount” means, for a party and any Early Termination Date, the sum of: —

(a) the Termination Currency Equivalent of the Market Quotations for each Terminated Transaction for which a Market Quotation is determined; and
(b) such party’s Loss (without reference to any Unpaid Amounts) for each Terminated Transaction for which a Market Quotation cannot be determined or would not (in the determining party’s reasonable opinion) produce a commercially reasonable result.
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