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| {{isdasnap|Termination Currency Equivalent}} | | {{isdamanual|Termination Currency Equivalent}} |
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| ==Commentary==
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| ''(adapted from the 2002 User Guide)''
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| Under the {{2002isda}}, a payment on early termination will be made in the {{isdaprov|Termination Currency}}. The “Termination Currency” must be specified in Part 1(f) of the [[ISDA Schedule|Schedule]] to the {{2002isda}} and, if not specified or the currency specified is not freely available, the fallback will be U.S. dollar for a 2002 Agreement governed by [[New York]] law, and the [[euro]] if a {{2002isda}} is governed by English law. The 1992 Agreement had a U.S. dollar fallback regardless of the governing law of the {{1992isda}}. In calculating amounts payable, any {{isdaprov|Close-out Amount}} or {{isdaprov|Unpaid Amount}} is converted to a “Termination Currency Equivalent” on the basis of an exchange rate determined in accordance with the {{2002isda}} by a foreign exchange agent.
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| {{anat|isda}}
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