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Template:Nutshell 2002 ISDA Applicable Close-out Rate: Difference between revisions
Template:Nutshell 2002 ISDA Applicable Close-out Rate (view source)
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Amwelladmin (talk | contribs) (Created page with "“'''{{isdaprov|Applicable Close-out Rate}}'''” means:— :(a) on an {{isdaprov|Unpaid Amount}}:— ::(i) for a {{isdaprov|Defaulting Party}}’s obligations, the {{isdapro...") |
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“'''{{isdaprov|Applicable Close-out Rate}}'''” means:— | “'''{{isdaprov|Applicable Close-out Rate}}'''” means:— | ||
:(a) on an {{isdaprov|Unpaid Amount}}:— | :(a) on an {{isdaprov|Unpaid Amount}}:— | ||
::(i) | ::(i) if the {{isdaprov|Defaulting Party}}’s obligation, the {{isdaprov|Default Rate}}; | ||
::(ii) | ::(ii) if the {{isdaprov|Non-defaulting Party}}’s obligation, the {{isdaprov|Non-default Rate}}; | ||
::(iii) | ::(iii) if a deferred obligation under Section {{isdaprov|5(d)}}, if there is no {{isdaprov|Defaulting Party}} during the deferral period, the {{isdaprov|Applicable Deferral Rate}}; and | ||
::(iv) in any other case following a {{isdaprov|Termination Event}} (except interest which accrues under (iii) above), the {{isdaprov|Applicable Deferral Rate}}; and | ::(iv) in any other case following a {{isdaprov|Termination Event}} (except interest which accrues under (iii) above), the {{isdaprov|Applicable Deferral Rate}}; and | ||
:(b) on an {{isdaprov|Early Termination Amount}}:— | :(b) on an {{isdaprov|Early Termination Amount}}:— | ||