Template:Isda 6(e)(i) comp

This page deals with Section {{{{{1}}}|6(e)(i)}}: the termination and close-out methodology upon an {{{{{1}}}|Event of Default}} — where one party has somehow at fault, rather than termination being imposed upon one or more innocents suffering at the hand of the externalities of a cruel and uncaring world. For termination and close out methodology in that world, see Section {{{{{1}}}|6(e)(ii)}}: see {{{{{1}}}|Payments on Termination Events}}.

The 1992 ISDA default close-out methodology is — was — hideous. There is not much point with a deltaview: they overhauled whole process of closing out an ISDA, soup to nuts, in the 2002 ISDA, and is now much more straightforward — as far as you could ever say that about ISDA’s crack drafting squad™’s output. But a large part of the fanbase — that part west of Cabo da Roca — sticks with the 1992 ISDA, though 23 years later, that resistance seems at last to be breaking down.