ISDA Generic Fallback Provisions – Summary

The summary of the Generic Fallback Provisions in this document reflects the Generic Fallback Provisions in the latest version of the Main Book of the 2021 ISDA Interest Rate Derivatives Definitions (which, as at the date of this document, is Version 7.0).

Documents (1) for ISDA Generic Fallback Provisions – Summary

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...