Amendment to the ISDA Master Agreement for use in relation to Section 2(a)(iii) and explanatory memorandum

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This Amendment to the ISDA Master Agreement is for use in relation to Section 2(a)(iii) for market participants who wish to amend their ISDA Master Agreements to insert a time limit on the operation of that provision in circumstances where an event of default has occurred in relation to one of the parties. The explanatory memorandum was updated on 11 July 2014 to add an additional note in relation to Potential impact on the netting and collateral legal opinions that ISDA has obtained for the benefit of members; a blackline showing the changes is below

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Amendment to the ISDA Master Agreement for use in relation to Section 2(a)(iii) and explanatory memorandum

Amendment to the ISDA Master Agreement for use in relation to Section 2(a)(iii) and explanatory memorandum

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