Examples of 2021 ISDA Definitions in a sentence
Instead, request another form of payment.• If you fail to obtain an authorization approval code or if you submit a card transaction after receiving a decline (even if a subsequent authorization attemptresults in an authorization approval code), your transaction may result in a chargeback and it may be assessed fines or fees by the payments organizations for which you will be responsible.
Market participants are encouraged to use the 2021 ISDA Definitions rather than the 2006 ISDA Definitions, in accordance with market practice.
ISDA has stated that while market participants can continue to use the 2006 ISDA Definitions, ISDA will no longer update them following implementation of the 2021 ISDA Definitions.
As at December 2021 the number of Lockout Period Business Days for Compounding with Lockout and Averaging with Lockout in the Compounding/Averaging Matrix has not yet been populated for any of GBP-SONIA, USD-SOFR or EUR-EuroSTR however, the default designation is 5 Lockout Period Business Days in accordance with the 2021 ISDA Definitions.
In the event of any inconsistency between such earlier Confirmation and this letter, the provisions of this letter will apply.The definitions and provisions contained in the 2021 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc.