Court rules on Isda close-out calculations
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Court rules on Isda close-out calculations

An Australian court has ruled that the experts consulted to provide quotations for the calculation of a close-out amount under an Isda Master Agreement should have used a valuation method radically different from the one commonly accepted. The decision has implications for the valuation of Isda-based derivatives, says Andrew Fernbach of Mallesons Stephen Jaques

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