The ISDA® Master Agreement: Sample Counterparty Failure Notice | Practical Law
A sample form of counterparty failure notice as required under Section 5(a)(i) (failure to pay or deliver) of the ISDA Master Agreement and under Paragraph 7(i) of both the ISDA 1994 Credit Support Annex and the 2016 Variation Margin Credit Support Annex. This Standard Document has integrated notes with important explanations as well as drafting tips.