ISDA Master Agreement Notice

The ISDA Master Agreement Notice is a document that serves as a formal communication between two parties, namely the account job company and the counterparty. This document is important as it notifies the counterparty about the statement of calculation of early termination amount and demands payment of a specific currency amount on the due date. The document begins with the account job company's information, including their name and address. It also includes the name and address of the counterparty. The document is addressed to the party 1 contact and is dated with the current date.

 

The detailed introduction of the entire document highlights its purpose, which is to demand payment from the counterparty based on the ISDA Master Agreement. It also mentions that the document is not a waiver of any rights the account job company may have under the agreement and reserves all rights and remedies at law, equity, or under the agreement or elsewhere.

 

Each section of the document is described in detail. The first section includes the account job company's information, such as their name and address. The second section includes the counterparty's information, including their name and address. The third section addresses the party 1 contact and is dated with the current date. The fourth section provides a detailed description of the statement of calculation of early termination amount and its attachment. The fifth section demands payment of a specific currency amount on the due date and provides the account details for remittance. The sixth section mentions the account job company's right to claim reasonable out-of-pocket expenses, including legal fees. The seventh section clarifies that the document does not waive any rights of the account job company and reserves all rights and remedies.

 

Overall, the ISDA Master Agreement Notice is a crucial document that serves as a formal communication to demand payment based on the ISDA Master Agreement. It provides detailed information about the parties involved, the statement of calculation of early termination amount, and the account details for payment.

How to use this document?

1. Enter the account job company's information, including their name and address, in the document.

2. Enter the counterparty's information, including their name and address, in the document.

3. Address the document to the party 1 contact and include the current date.

4. Provide a detailed description of the statement of calculation of early termination amount and attach it to the document.

5. Demand payment of a specific currency amount on the due date and provide the account details for remittance.

6. Inform the counterparty about the account job company's right to claim reasonable out-of-pocket expenses, including legal fees.

7. Clarify that the document does not waive any rights of the account job company and reserves all rights and remedies.

Note: This guidance focuses on the practical steps to complete the document and communicate the demand for payment based on the ISDA Master Agreement. It does not cover the completion of the entire agreement or other legal aspects.