ISDA Master Agreement — final amendment to section 2(a)(iii)
In January 2014, the International Swaps and Derivatives Association (ISDA) published a draft amendment to section 2(a)(iii) and we provided a summary of the proposed amendment at that time.
On 19 June 2014, ISDA published a standard form amendment to the ISDA Master Agreement, which inserts a time limit on the operation of that provision in circumstances where an event of default has occurred in relation to one of the parties…
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