ISDA Master Agreement Notice

Statement of Calculation

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Description:

Statement of Calculations sent to the Counterparty of an ISDA Master Agreement demanding payment of the early termination amount.

The Early Termination Amount is due on [DUE DATE], being the effective date of this statement (the “Due Date"). In accordance with Section 6(d)(ii) of the Agreement (Payment Date), interest will accrue on the amount due from and including the Early Termination Date to but excluding the date of payment. Such interest is payable at the Applicable Close-Out Rate or the Default Rate on the basis of daily compounding and the actual number of days elapsed.

The Company hereby demands payment of [AMOUNT] on the Due Date plus accrued interest from you. Please promptly remit such payment to Company at the following account:

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Banking and Finance > Bonds / Debentures / Notes / Derivatives

 
Keywords:

ISDA

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early termination amount

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derivatives

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