From The Jolly Contrarian
Jump to navigation
Jump to search
|
|
(4 intermediate revisions by the same user not shown) |
Line 1: |
Line 1: |
| As its name suggests, a calculation agent is a person appointed to calculate things, usually in the context of a {{masteragreement}} like an {{isdama}}, a {{gmra}}, a {{gmsla}} or a {{csa}} or other credit support document. It will usually be one of the parties to the master agreement, and usually<ref>Like, ''always''.</ref> the [[broker dealer]] out of the two, if there is only one.
| | #redirect[[Calculation Agent]] |
| | |
| But just who the calculation agent is, and how much discretion it has to determine the calculation without entertaining protest from the other party, is a matter that can occupy a derivatives lawyer for days on end.
| |
| | |
| Spoiler: appointing each party as a [[co-calculation agent]] won’t work.
| |
| | |
| {{indetail|Calculation Agent}}
| |
| | |
| | |
| ====References====
| |
Latest revision as of 06:30, 6 October 2022