Claims for Damages and Compensation for Benefits Received - DRV-F Provision: Difference between revisions

Claims for Damages and Compensation for Benefits Received - DRV-F Provision (view source)

746 bytes added , 20 January 2020

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-This nutshell is very nascent ok and I did it in a rush and I don't honestly understand what on Earth the {{drvccds}} were driving at here. It seems far more straightforward than this tourtured, translated, mangled prose suggests.
+This nutshell is very nascent, ok, and I did it in a rush and I don't honestly understand what on Earth the {{drvccds}} were driving at here, if it isn't the innocent party can close out, get market quotes for replacement transactions, and can net them down, and if it was out of the money, it has to pay the balance to the defaulting party. It seems far more straightforward than this tortured, translated, mangled prose suggests.
+There’s an interesting commentary on the potentially non-zero-sum gaminess of finance here, in that the amount I am out of the money could be still more than the amount by which you are in the money on the same transactions. Unless you are valuing your won exposure using a different model to me, or maybe you are naturally hedged to currencies on some transactions which I am not — maybe you’re a German bank and I’m in Switzerland or something (help me I am reaching here) — it is odd to think the two values would not be the same.