Swap history: Difference between revisions

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	{{a\|isda\|}}The sacred prehistory of “the one agreement to rule them all” — the [[Single Agreement]]; known these days as the {{isdama}} predates even ~~the knowledge of~~ the [[First Men]] and, yea, even before them, to the black dawn of prehistory when free cash flows were first discovered in the wild and artificially set against each other for pleasing effect by the [[Children of the Forest]]. Swaps were even mentioned in passing in the Old Testament:		{{a\|isda\|}}The sacred prehistory of “the one agreement to rule them all” — the [[Single Agreement]]; known these days as the {{isdama}} — predates even the [[First Men]] and, yea, even before them, to the black dawn of prehistory when free cash flows were first discovered in the wild and artificially set against each other for pleasing effect by the [[Children of the Forest]]. Swaps were even mentioned in passing in the Old Testament:

	{{quote\|''But if he be [[out of the money\|poorer than thy estimation]], then he shall present himself before the [[calculation agent]], and the [[calculation agent]] shall [[Valuation\|value]] him; And if it be a [[physical settlement]], whereof men bring an offering unto the LORD, all that any man giveth of such unto the LORD shall be holy. And if he shall at all [[swap]] [[cashflow]] for [[asset]], yea, or [[asset]] for [[cashflow]], then the [[exchange]] thereof shall be holy.''		{{quote\|''But if he be [[out of the money\|poorer than thy estimation]], then he shall present himself before the [[calculation agent]], and the [[calculation agent]] shall [[Valuation\|value]] him; And if it be a [[physical settlement]], whereof men bring an offering unto the LORD, all that any man giveth of such unto the LORD shall be holy. And if he shall at all [[swap]] [[cashflow]] for [[asset]], yea, or [[asset]] for [[cashflow]], then the [[exchange]] thereof shall be holy.''