SERVING NOTICE

What is SERVING NOTICE?

SERVING NOTICE meaning in finance terminology / glossary / dictionary is:
A term used to refer to the process of informing a counterparty that the party serving notice will terminate transactions under an ISDA Master Agreement as a result of an Event of Default or Termination Event. An Early Termination Date occurring no later than twenty days from the Effective Date of notice must be stipulated in the notice.

 

reference: Sapient Global Market: 2014 GLOSSARY OF FINANCIAL TERMS

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