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Additional Termination Event clause applicable to Korean Corporate Investors
Additional Termination Event clause applicable to Korean Corporate Investors
ISDA has drafted this clause in light of the regulatory requirement in the Risk Management Guidelines for Foreign Currency Derivatives Transactions issued by the Financial Supervisory Service of the Republic of Korea on December 31, 2009 (the “FSS Guidelines”). This clause is recommended for the KRW FX transactions between a Korean bank (including a foreign bank branch in Korea) and a Korean “Corporate Investor” (as defined in the FSS Guidelines) documented under the ISDA Master Agreement.