Template:M comp disc 1992 ISDA Settlement Amount: Difference between revisions

no edit summary
No edit summary
No edit summary
 
Line 1: Line 1:
As the left-handed policeman said when you asked for directions, “well, I wouldn’t start from here”.
As the left-handed policeman said when you asked for directions, “well, I wouldn’t start from here”.


This is the closest you’ll get to the {{isdaprov|Close-out Amount}} in the {{1992ma}}, but it only applies to {{isda92prov|Market Quotation}} and not {{isda92prov|Loss}}. In most cases, the world will have arrived in hell in its hand-basket by the time you get to refer tio this clause, no {{isda92prov|Reference Market-maker}} worth a tuppenny damn will be quoting ''Monty Python'' let alone firm prices on your portfolio of {{isdaprov|Terminated Transaction}}s, so the whole intellectual edifice of {{isda92prov|Market Quotation}} will have long since collapsed into {{isdaprov|Loss}} and the mechanics of this {{isdaprov|Settlement Amount}} will be totes academic.  
This is the closest you’ll get to the {{isdaprov|Close-out Amount}} in the {{1992ma}}, but it only applies to {{isda92prov|Market Quotation}} and not {{isda92prov|Loss}} — though in a pitiless irony, its practical effect is that you will find yourself using {{isda92prov|Loss}} even though you chose {{isda92prov|Market Quotation}} in any case. In most cases, the world will have long since arrived at hell in its hand-basket by the time you get to refer to this clause, no {{isda92prov|Reference Market-maker}} worth a tuppenny damn will be quoting ''Monty Python'' let alone firm prices on your portfolio of {{isdaprov|Terminated Transaction}}s, so the whole intellectual edifice of {{isda92prov|Market Quotation}} will have long since collapsed into {{isdaprov|Loss}} and the mechanics of this {{isdaprov|Settlement Amount}} will be totes academic.  


For the full picture see Section {{isdaprov|6(e)(i)}}. A conclusion you may feel bound to draw, even if it doesn’t help you as you manhandle the grizzly bear of a termination process in  the {{1992ma}}, is that it is much, much easier in the {{2002ma}}.
For the full picture see Section {{isdaprov|6(e)(i)}}. A conclusion you may feel bound to draw, even if it doesn’t help you as you manhandle the grizzly bear of a termination process in  the {{1992ma}}, is that it is much, much easier in the {{2002ma}}.