Tag: 1992 ISDA Master Agreement
The Indicative Quote is dead (1992), long live the Indicative Quote (2002)
The High Court in the UK[1] recently clarified important parameters of the Market Quotation process under the 1992 ISDA Master Agreement. It is now established that quotations must be obtained on or after the Early Termination Date and that “live” quotes must be obtained. Backdated or indicative quotes are definitely unacceptable. These questions had remained […]
Court Serves Notice About ISDA Notices
On 14 April 2012, the High Court ruled in the case of Greenclose Limited v. National Westminster Plc that email is not a valid method for delivery of notifications under the 1992 ISDA Master Agreement. The case is notable for a number of other findings, including that: Amendments to the notifications section of an ISDA […]