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| {{fullanat2|isda|Termination Currency|2002|Termination Currency|1992}} | | {{isdamanual|Termination Currency}} |
| the sort of thing you might expect to see specified in the schedule is this:
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| :“{{isdaprov|Termination Currency}}” means one of the currencies in which payments are required to be made under a {{isdaprov|Terminated Transaction}} selected by the {{isdaprov|Non-defaulting Party}} or the {{isdaprov|non-Affected Party}}, [[as the case may be]], or where there are two {{isdaprov|Affected Parties}}, as agreed between them or, if not agreed, or if the selected currency so is not freely available, [U.S. Dollars][Euro][Pounds Sterling].
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| {{Comm}}
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| Compare and contrast with the {{csaprov|Base Currency}} in the {{tag|CSA}}. Ideally, you’d want them to be the same.
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| Note that the {{2002ma}} defaults to EUR or USD (depending on governing law) where not otherwise specified. This means a 2002 version {{tag|LFC}} does not need to specify a {{isdaprov|Termination Currency}}. Not that you’d ever use a [[long form confirmation]], of course.
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| The {{isdaprov|Termination Currency}} concept can be applied to the termination and closeout of single {{isdaprov|Transaction}}s or groups of {{isdaprov|Transaction}}s, so it does make sense for it to be "a currency in which payments are due to be made under the relevant {{isdaprov|Terminated Transaction}}" - or some such thing.
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