Template:Nutshell 2002 ISDA 6(d)

6(d) Calculations; Payment Date.

(i) Statement. As soon as practicable following an Early Termination Date, each party will calculate its Section 6(e) and give the other party a statement:<ref>

(1) showing reasonable detail of its calculations;

(2) specifying any Early Termination Amount payable; and

(3) giving its bank details for payment of the Early Termination Amount.

Its records of any quotation or market data it uses will be conclusive of their accuracy.

(ii) Payment Date. An Early Termination Amount due in respect of any Early Termination Date will, together with any amount of interest payable pursuant to Section 9(h)(ii)(2), be payable

(1) when its notice is effective for an Early Termination Date following an Event of Default and

(2) two Local Business Days after its notice was effective (or, if there are two Affected Parties, after the statement provided under clause (i) by the second party to provide a statement is effective) for an Early Termination Date following a Termination Event.