Template:M summ 2002 ISDA 9(e): Difference between revisions

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===Section {{isdaprov|9(e)(i)}} '''[[Counterpart]]s'''===
{{isda 9(3) summ|isdaprov}}
There is an impassioned essay about the idiocy of [[counterparts]] clauses elsewhere<ref>In the [[counterparts]] article, as a matter of fact.</ref>.
===Section {{isdaprov|9(e)(ii)}} {{isdaprov|Confirmation}}s''' ===
{{trade versus confirmation}}
 
Note also the addition of [[e-mail]] as a means of communication to the 2002 version ([[email]] not really having been a “thing” in 1992). This caused all kinds of [[fear and loathing]] amongst the judiciary, when asked about it, as can be seen in the frightful case of {{casenote|Greenclose|National Westminster Bank plc}}.Oh dear, oh dear, oh dear.
 
==== [[Timely confirmation]] regulations and deemed consent====
Both {{t|EMIR}} and [[Dodd Frank]] have [[timely confirmation]] requirements obliging parties to have confirmed their scratchy tape recordings within a short period (around 3 days). This fell out of a huge backlog in confirming structured [[credit derivatives]] trades following the Lehman collapse.

Revision as of 16:20, 15 April 2020