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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Derivatives
- Termination of financial derivatives
Potential Events of Default under an ISDA Master Agreement and cure periods — summary and comparison table
Under an ISDA Master Agreement, if an Event of Default occurs, often the Defaulting Party is given a period of time in which to “cure” the default. This means that until that cure period has ended, the derivative transaction cannot be terminated early on the grounds of an Event of Default.
This guidance note sets out the cure periods for the different Events of Default in both bullet point format and in a table.
See Potential Events of Default under an ISDA Master Agreement and cure periods — summary and comparison table.
