Template:Synthetic equity swap - FWMD: Difference between revisions
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Top Trumps® Financial Weapons of Mass Destruction®
Synthetic equity swap “All the pleasure of ownership; none of the responsiblity!”
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{{fwmdtt|nickname=Synthetic equity swap| imagetype= | {{fwmdtt|nickname=Synthetic equity swap| imagetype=png | ||
|tagline= All the pleasure of ownership; none of the responsiblity!| documentation= {{isdama}}, {{eqdefs}} and a master confirmation. Call the [[legal eagles]]! | |tagline= All the pleasure of ownership; none of the responsiblity!| documentation= {{isdama}}, {{eqdefs}} and a master confirmation. Call the [[legal eagles]]! | ||
| docscore=8 | | docscore=8 | ||
Revision as of 09:36, 16 August 2021
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| Docs | ISDA Master Agreement, 2002 ISDA Equity Derivatives Definitions and a master confirmation. Call the legal eagles! | 8 |
| Amendability | Bilateral, so doable, but delta-one, so not much to amend. | 3 |
| Collateral | Reg VM and IM margined daily. If you are on dynamic margining, not much to see here. If you aren’t, armageddon. | 4 |
| Transferability | Daily liquidity, so no real need. | 3 |
| Leverage | A form of synthetic margin lending so yes. But your PB will — should —be all over you, so no. | 5 |
| Fright-o-meter | Until 27 March 2021, about 3. But since then, beset with evil spirits, succubi and incubi, and The Family Office Who Must Not Be Named | 10 |