About that ISDA Pt 6(a): Section 2(a)(iii): the theory

Our first instalment looking at ISDA’s famous, oft-misunderstood, silly but yet strangely litigationey flawed asset clause, Section 2(a)(iii). And Bettye Lavette.

If you know, you know.

Here is the next instalment of JC’s “deep dives” into the law and lore of the ISDA Master Agreement. After fossicking around in the preamble and interpretation section in previous episodes, t…