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Two Affected Parties - ISDA Provision: Difference between revisions
Two Affected Parties - ISDA Provision (view source)
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{{fullanat2|isda|6(b)(iii)|2002|6(b)(iii)|1992}} | {{fullanat2|isda|6(b)(iii)|2002|6(b)(iii)|1992}} | ||
Exercise Caution here: Under the {{1992ma}} version, if your {{isdaprov|Failure To Pay}} also amounts to an {{isdaprov|Illegality}} it is deemed to be an Illegality, and if there are two {{isdaprov|Affected Parties}} there is a signficant delay in your ability to close out. | Exercise Caution here: Under the {{1992ma}} version, if your {{isdaprov|Failure To Pay}} also amounts to an {{isdaprov|Illegality}} it is deemed to be an Illegality, and if there are two {{isdaprov|Affected Parties}} there is a signficant delay in your ability to close out. A bit of a {{t|trick for young players}}. | ||
===Differences between {{1992ma}} and {{2002ma}}=== | ===Differences between {{1992ma}} and {{2002ma}}=== | ||