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hello my names sue Miller and powered welcome to the first in our autumn 2019 series of four short webcasts in which we take a bite-sized look at some key topics that have emerged from court or regulatory decisions over the last year in this episode Jeremy Livingston an associate in our finance litigation group will focus on two recent decisions concerning is de master agreements hello my name is jeremy livingston im going to talk about two recent decisions concerning the courts approach to interpreting some of the standard terms contained within the is the documentation the first case im going to consider relates to the high courts approach to determination of loss following an automatic early termination event under the 1992 is the master agreement the second case relates the courts interpretation of the standard form is the credit support annex under the 1992 is the master agreement following an event of default there is either an automatic termination or the non defaulting part