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Combined display of all available logs of The Jolly Contrarian. You can narrow down the view by selecting a log type, the username (case-sensitive), or the affected page (also case-sensitive).
- 21:53, 26 December 2023 Amwelladmin talk contribs created page Template:M sa 1992 ISDA Specified Indebtedness (Created page with "{{isda Specified Indebtedness sa|isda92prov}}")
- 21:51, 26 December 2023 Amwelladmin talk contribs created page Template:Isda Specified Indebtedness summ (Created page with "See the {{{{{1}}}|Cross Default}} page which discusses {{{{{1}}}|Specified Indebtedness}} in detail — ''gory'' detail, if you are a premium subscriber — in the only context in which it appears: as the type of contract to which a {{{{{1}}}|Cross Default}} applies.")
- 21:27, 26 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(vi) summ (Created page with "{{{{{1}}}|Cross Default}} is intended to cover the unique risks associated with ''lending money to counterparties who have also borrowed heavily from other people''. Now, if — as starry-eyed young credit officers in the thrall of the moment are apt to — you apply this thinking to contractual relationships which ''aren’t'' “term loany” in nature — that is, that don’t have long spells where one party is deeply in the hole to the other, with not so m...")
- 20:53, 26 December 2023 Amwelladmin talk contribs deleted page Template:M gen 2002 ISDA 5(a)(vi) (content was: "==={{isdaprov|Specified Indebtedness}}=== {{specified indebtedness capsule|isdaprov}} ===Measure of the {{isdaprov|Threshold Amount}}=== *'''{{1992ma}}''': This contemplates default “in an aggregate '''amount'''” exceeding the {{isdaprov|Threshold Amount}} which would justify early termination of the {{isdaprov|Specified Indebtedness}}: that is to say the value...", and the only contributor was "Amwelladmin" (talk))
- 20:15, 26 December 2023 Amwelladmin talk contribs moved page Template:Isda mwa capsule to Template:Isda 5(a)(viii) summ
- 16:01, 26 December 2023 Amwelladmin talk contribs moved page Template:Section 3(d) capsule to Template:Isda 3(d) summ
- 16:01, 26 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(iv) summ (Created page with "The purist’s objection is that, since a representation is a ''pre''-contractual statement which induced the wronged party to enter the contract and (''ergo'') was not, and could not be, itself, a contractual term at all — its bolt was shot, so to speak, before “minds met” — and, as such, one’s remedy for misrepresentation ought to be to set aside the contract altogether (''ab initio'', as Latin lovers — well, my one, at...")
- 15:48, 26 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(iii) summ (Created page with "Before you even put your hand up: no, a Credit Support Annex between the two counterparties is ''not'' a “{{{{{1}}}|Credit Support Document}}”, at least under the English law construct: there it is a “{{{{{1}}}|Transaction}}” under the {{isdama}} that offsets the net mark-to-market value of all the other Transactions, so can’t be a {{{{{1}}}|Credit Support Document}} ''per se''. It is different with a {{1994csa}} — being a pledge document it is a {{{{{1}}...")
- 15:28, 26 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(i) premium (Created page with "*A comparison between the ISDA’s “Failure to Pay or Deliver” and the “Failure to Pay” Credit Event under the Credit Derivatives Definitions. *A “trick for young players” from the world of equity prime brokerage: why you might think twice about allowing customers to meet margin calls by liquidating other provisions")
- 15:26, 26 December 2023 Amwelladmin talk contribs created page Template:M premium 1992 ISDA 5(a)(i) (Created page with "{{isda 5(a)(i) premium|isda92prov}}")
- 14:28, 26 December 2023 Amwelladmin talk contribs created page Hierarchy of Events - 1992 ISDA Provision (Redirected page to Event of Default and Illegality - 1992 ISDA Provision) Tag: New redirect
- 14:24, 26 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(ii) summ (Created page with "A failure to perform any agreement, if not cured within 30 days, is an {{{{{1}}}|Event of Default}}, except for those failures which ''already'' have their own special {{{{{1}}}|Event of Default}} (i.e., {{{{{1}}}|Failure to Pay or Deliver}}, under Section {{{{{1}}}|5(a)(i)}}), those that relate to a pre-existing default (for example, default interest on unpaid amounts) and those that only bear on the “defaulting” party’s tax position, meaning that non-performance...")
- 13:55, 26 December 2023 Amwelladmin talk contribs created page Template:Summ subpart (Created page with "{{subst:Summ part}}")
- 13:55, 26 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a) summ (Created page with "{{summ subpart|{{{1}}}|5(a)(i)}}")
- 13:53, 26 December 2023 Amwelladmin talk contribs created page Template:M summ 1992 ISDA 5 (Created page with "{{isda 5 summ|isda92prov}}")
- 16:30, 25 December 2023 Amwelladmin talk contribs created page Template:Isda 5(b)(vi) comp (Created page with "Other than the numbering discrepancy and a daring change of a “shall” to a “will”, Section {{isdaprov|5(b)(vi)}} of the {{2002ma}} is the same as Section {{isda92prov|5(b)(v)}} of the {{1992ma}}. That said, ATEs are likely to be the most haggled-over part of your {{isdama}}.")
- 16:28, 25 December 2023 Amwelladmin talk contribs created page Template:Comp subpart isdaprov (Created page with "{{Comp subpart|isdaprov|{{{1}}}}}")
- 16:22, 25 December 2023 Amwelladmin talk contribs created page Template:Comp subpart isda92prov (Created page with "{{comp subpart|isda92prov|{{{1}}}}}")
- 16:18, 25 December 2023 Amwelladmin talk contribs created page Template:Comp subpart (Created page with "{{subst:comp part}}") Tag: Visual edit: Switched
- 16:04, 25 December 2023 Amwelladmin talk contribs created page Template:Summ part (Created page with "====Section {{{1}}}==== {{isda {{{1}}} summ|{{{2}}}}}")
- 11:36, 25 December 2023 Amwelladmin talk contribs created page Template:Isda 5(d) comp (Created page with "There is no equivalent provision to Section {{isdaprov|5(d)}} in the {{1992ma}}, seeing as it does not contain a {{isda92prov|Force Majeure Event}} at all, and its conception of {{isda92prov|Illegality}} is far less — how shall we say? — ''sophisticated'' than the one in the {{2002ma}}.")
- 11:29, 25 December 2023 Amwelladmin talk contribs moved page Template:Isda Credit Event Upon Merger comp to Template:Isda 5(b)(v) comp
- 11:28, 25 December 2023 Amwelladmin talk contribs moved page Template:Isda Tax Event Upon Merger comp to Template:Isda 5(b)(iv) comp
- 11:27, 25 December 2023 Amwelladmin talk contribs moved page Template:Isda Tax Event comp to Template:Isda 5(b)(iii) comp
- 16:43, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(b)(ii) comp (Created page with "There is no Force Majeure in the {{1992ma}}, though parties would habitually negotiate one in, and by the time the 2002ma}} was published it was in fairly standardised. For those who didn’t negotiate it in there was also the ISDA Illegality/Force Majeure Protocol (see [http://www.isda.org/2012illegalityprot/docs/ISDA_Protocol_-_Adoption_of_2002_Illegality_FM_provisions_Final.pdf here]) which they could sign — upon payment of the suitable fee is ISDA — to adopt/...")
- 16:39, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(b) comp (Created page with "====Renumbering occasioned by the new {{isdaprov|Force Majeure Event}}==== Since the {{2002ma}} includes a {{isdaprov|Force Majeure Event}}, using language that was already agreed and widely inserted into the {{1992ma}} Schedule before its publication. Because this was entered as Section {{isdaprov|5(b)(ii)}} — I mean, honestly, could they have not made it Section 5(b)(vi)? — this necessitates some numbering differences between the two versions of the {{isdama}} —...")
- 16:31, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(b)(i) comp (Created page with "Quite a lot of ''formal'' change to the definition of Illegality; not clear how much of it makes all that much practical difference. The {{2002ma}} requires you to give effect to remedies or fallbacks in the Confirmation that might take you out of Illegality before evoking this provision — which ought to go without saying — the relevant Confirmation or elsewhere in this Agreement. It also carves out Illegalities caused by the action of either Party, which also seem...")
- 16:16, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(viii) comp (Created page with "{{icds}} giveth and {{icds}} taketh away. As it neatly excises one square of flannel here, it inserts another one, further itemising ways in which a company might reorganise itself, there. In practical terms — ones that might make a difference were they to be considered by the King’s Bench Division, that is — no real change between {{1992ma}} and {{2002ma}}.")
- 15:56, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(vii) comp (Created page with "There are two differences between the {{1992ma}} and {{2002ma}} definitions of Bankruptcy. First, the {{2002ma}} has a slightly more specific concept of “insolvency”. In limb 4 (''insolvency proceedings'') a new limb has been included to cover action taken by an entity-specific regulator or supervisor (as opposed to a common or garden insolvency proceeding): If initiated by a regulator, the game’s up as soon as the action is taken. If initiated by a random credit...")
- 15:42, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(vii) summ (Created page with "=====The market standard “bankruptcy” definition ===== The ISDA {{{{{1}}}|bankruptcy}} definition is rarely a source of great controversy (except for the grace period, which gets negotiated only through custom amongst ISDA negotiators because, in its wisdom, {{icds}} thought fit to halve it from 30 days to 15 in the {{2002ma}}. So you have a sort of ''pas-de-deux'' between negotiators where they argue about it for a while before getting t...")
- 15:36, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(vi) comp (Created page with "The {{2002ma}} updates the {{1992ma}}’s {{isda92prov|Cross Default}} so that if the combined amount outstanding under the two limbs of {{{{{1}}}|Cross Default}} exceed the {{{{{1}}}|Threshold Amount}}, then it will be an {{{{{1}}}|Event of Default}}. Normally, under the {{1992ma}}, {{{{{1}}}|Cross Default}} requires one ''or'' the other limbs to be satisfied — you can’t add them together. This was a bit of a snafu. The two limbs are: #a default under a financial...")
- 15:33, 24 December 2023 Amwelladmin talk contribs moved page Template:Isda 5(a)(v) comm to Template:Isda 5(a)(v) comp
- 15:31, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(iv) comp (Created page with "No change between {{1992ma}} and {{2002ma}}.")
- 15:28, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(iii) comp (Created page with "A bit of pedantic flannel found its way into the {{2002ma}} — it captures not just the failure of the {{isdaprov|Credit Support Document}} itself, but any security interest granted under it, catering to the legal eagle’s most paranoid fears that a contractual right can have some sort of distinct ontological existence independently from the agreement which gives it breath and enforceable currency in the first place. But otherwise the same.")
- 15:23, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(ii) comp (Created page with "Note the addition of {{{{{1}}}|Repudiation of Agreement}} to the {{2002ma}}. Common law purists like the JC will grumble that you don’t really ''need'' to set out repudiation as a breach justifying termination of a contract, because ''that’s what it is by definition'' but stating the bleeding obvious has never stopped {{icds}} before. Also, an interesting question: if you ''do'' feel the need to provide for what is in essence an evolvi...")
- 15:18, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a) comp (Created page with "'''5(a)(i)''': {{isda 5(a)(i) comp|{{{1}}}}} <br> '''5(a)(ii)''': {{isda 5(a)(ii) comp|{{{1}}}}} <br> '''5(a)(iii)''': {{isda 5(a)(iii) comp|{{{1}}}}} <br> '''5(a)(iv)''': {{isda 5(a)(iv) comp|{{{1}}}}} <br> '''5(a)(v)''': {{isda 5(a)(v) comp|{{{1}}}}} <br> '''5(a)(vi)''': {{isda 5(a)(vi) comp|{{{1}}}}} <br> '''5(a)(vii)''': {{isda 5(a)(vii) comp|{{{1}}}}} <br> '''5(a)(viii)''': {{isda 5(a)(viii) comp|{{{1}}}}} <br>")
- 15:15, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5(a)(i) comp (Created page with "The significant change between {{1992ma}} and {{2002ma}} is the restriction of that grace period from ''three'' {{{{{1}}}|Local Business Day}}s to ''one''. And a bit of convolutional frippery in introducing {{{{{1}}}|Local Delivery Day}}s as well. Compare also {{cddprov| Failure to Pay}} under the {{cddefs}}, which is subtly different given the different purpose that it plays under a CDS.")
- 15:11, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 5 comp (Created page with "These are the events that entitle you to close out some or all of your {{isdaprov|Transaction}}s; to find out what hideous rigmarole you must go through when you have decided to do that, proceed directly to Section {{isdaprov|6}}. =====Section 5(a)===== {{Isda 5(a) comp|isdaprov}} =====Section 5(b)===== {{Isda 5(b) comp|isdaprov}} =====Section 5(c)===== {{Isda 5(c) comp|isdaprov}} =====Section 5(d)===== {{Isda 5(d) comp|isdaprov}}")
- 12:38, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 4(a) summ (Created page with "{{specified information capsule|isdaprov}}")
- 12:38, 24 December 2023 Amwelladmin talk contribs deleted page Isda 4(a) summ (content was: "{{specified information capsule|isdaprov}}", and the only contributor was "Amwelladmin" (talk))
- 12:34, 24 December 2023 Amwelladmin talk contribs created page Isda 4(a) summ (Created page with "{{specified information capsule|isdaprov}}")
- 12:04, 24 December 2023 Amwelladmin talk contribs deleted page Deemed repetition (content was: "{{Deemed repetition}} {{sa}} *Representations and warranties *Deemed", and the only contributor was "Amwelladmin" (talk))
- 12:00, 24 December 2023 Amwelladmin talk contribs deleted page Template:Materiality of misrepresentation (content before blanking was: "===How material is “material”?=== What is a “material” respect? This is key, since some of the general representations ({{isdaprov|Consents}}, for example) are quite wide, and in this world of regulatory perma-change, the risk that one is, for example, outside technical compliance with a new regulation as it is implemented, notwithstanding a competent regulator’s informal indication that no action will be taken if you get your skates on and rem...")
- 11:52, 24 December 2023 Amwelladmin talk contribs created page Template:M summ 1992 ISDA 3 (Created page with "{{isda 3 summ|isda92prov}}")
- 11:49, 24 December 2023 Amwelladmin talk contribs deleted page Template:Additional Representations as Termination Events (content was: "=====Additional Representations as Additional Termination Events===== In the case of {{{{{1}}}|Additional Representation}}s this can be somewhat drastic, especially if your {{{{{1}}}|Additional Representation}} is {{{{{1}}}|Transaction}}-specific (for example India, China and Taiwan investor status reps for equity derivatives), and it would seem churlish to clo...", and the only contributor was "Amwelladmin" (talk))
- 11:49, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 3 summ (Created page with "If you want any special extra {{isdaprov|Representations}} over and above the boring ones in Section {{isdaprov|3}}, stick them in {{isdaprov|Part 5}} of the {{isdaprov|Schedule}}, or maybe a master confirmation, be sure to label them “{{isdaprov|Additional Representation}}s” and, if the fancy catches you, have the representor deem them repeated on the commencement of any new {{isdaprov|Transaction}}, the anniversary of the {{isdama}} or whenever, in a moment...")
- 11:22, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 3 comp (Created page with "There is no “{{isdaprov|No Agency}}” representation in the {{1992ma}}. Part of the ritual of negotiating a 92 ISDA was — in America, we imagine, ''is'' — to put one in, so when those kill-joys on {{icds}} shunted one into the {{2002ma}} it will have ruined a few people’s days — so much so that, in some quarters, they still use the {{1992ma}} as a standard. Americans, for example. A JC digression, if I may. The {{2002ma}} was published now over two decades ag...")
- 10:51, 24 December 2023 Amwelladmin talk contribs created page Template:Isda Indemnifiable Tax summ (Created page with "===Negatives, negatives, everywhere === Without wishing to be overly negative<ref>All right, I ''do'' wish to be overly negative. It’s in my nature.</ref>, this one truly comes from the "wow" file in indefensible drafting: :... ''other than'' a tax which would ''not'' be imposed ''but for''... Not only a triple negative, but since the squad’s definition of {{{{{1}}}|Tax}} already contains a negative (being any tax that isn’t a {{{{{1}}}|Stam...")
- 10:21, 24 December 2023 Amwelladmin talk contribs deleted page Template:M gen 2002 ISDA 2 (content was: "===Section 2(a)=== {{M gen 2002 ISDA 2(a)}} ===Section 2(b)=== {{M gen 2002 ISDA 2(b)}} ===Section 2(c)=== {{M gen 2002 ISDA 2(c)}} ===Section 2(d)=== {{M gen 2002 ISDA 2(d)}}", and the only contributor was "Amwelladmin" (talk))
- 10:05, 24 December 2023 Amwelladmin talk contribs created page Template:Isda 2(c) comp (Created page with "Section {{{{{1}}}|2(c)}} is about “settlement” or “payment” netting — that is, the operational settlement of offsetting payments due on any day under the normal operation of the Agreement — and not the more drastic close-out netting, which is the {{{{{1}}}|Early Termination}} of all {{{{{1}}}|Transactions}} under Section {{{{{1}}}|6}}. If you want to know more about '''close-out netting''', see {{{{{1}}}|Single Agreement}} and {{{{{1}}}|Early Te...")