Solstice II: SDNY Determines Early Termination Payment for ABS Swap under ISDA® Master Agreement | Practical Law
The US District Court for the Southern District of New York issued an opinion and order in Bank of New York Mellon Trust Company, National Association v. Solstice ABS CBO II, Ltd., et al. determining the proper early termination payment under a 1992 ISDA Master Agreement entered into in connection with a collateralized debt obligation (CDO) transaction.