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===House view: S.N.A.F.U.=== | ===House view: S.N.A.F.U.=== | ||
The [[JC]] concludes this is simply a howler in the {{eqdefs}} which ISDA hastily tried to cover up with that clawback malarkey. In any case, to be safe, reference the {{eqderivprov|Paid Amount}}. Consensus amongst market professionals we have consulted is that {{eqderivprov|Paid Amount}} does, as its drafting suggests, depend on the {{eqderivprov|Issuer}} ponying up. That is where you want to be. <br> | The [[JC]] concludes this is simply a howler in the {{eqdefs}} which ISDA hastily tried to cover up with that clawback malarkey. In any case, to be safe, reference the {{eqderivprov|Paid Amount}}, with an amendment to cover [[ex date]]s occurring on or before the trade date, and [[dividend payment date]]s occurring after the trade date.<ref>Good news: The [[JC]] has had a go for you. See {{eqderivprov|Paid Amount}} for more.</ref> Consensus amongst market professionals we have consulted is that {{eqderivprov|Paid Amount}} does, as its drafting suggests, depend on the {{eqderivprov|Issuer}} ponying up. That is where you want to be. <br> |