Template:M summ Credit Derivatives 3.31: Difference between revisions

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[[Mod R - Credit Derivatives Provision|Imagine]], just for a moment, being part of {{icds}} credit default detachment when it found itself so deep down a rabbit hole — so deep in the schtuck — that it was dealing with contingencies and variables are arcane and arbitrary as these ones. It is not so much a rabbit hole as a ''mineshaft''. This would have given the poor fellow with the broken leg stuck down the crevasse in ''Touching The Void'' hope. And the only comfort — and Prophet on a Bike, it’s a cold one — is that things only get worse in the paragraph that follows, Para {{cddprov|3.32}}. And then you get to go and play in the definitions specially devised for these rearranged {{cddprov|Restructuring}} variations
[[Mod R - Credit Derivatives Provision|Imagine]], just for a moment, being part of {{c|Embedded Template}}{{icds}} credit default detachment when it found itself so deep down a rabbit hole — so deep in the schtuck — that it was dealing with contingencies and variables are arcane and arbitrary as these ones. It is not so much a rabbit hole as a ''mineshaft''. This would have given the poor fellow with the broken leg stuck down the crevasse in ''Touching The Void'' hope. And the only comfort — and Prophet on a Bike, it’s a cold one — is that things only get worse in the paragraph that follows, Para {{c|Embedded Template}}{{cddprov|3.32}}. And then you get to go and play in the definitions specially devised for these rearranged {{c|Embedded Template}}{{cddprov|Restructuring}} variations


So what is going on here?
So what is going on here?


Well, these are codified reactions to earlier iterations of the {{cddprov|Restructuring}} definition in the 2003 Credit Derivatives Definitions that, on first contact with reality during the [[global financial crisis]], were found not to work.
Well, these are codified reactions to earlier iterations of the {{c|Embedded Template}}{{cddprov|Restructuring}} definition in the 2003 Credit Derivatives Definitions that, on first contact with reality during the [[global financial crisis]], were found not to work.

Revision as of 08:30, 20 May 2023

Imagine, just for a moment, being part ofISDA’s crack drafting squad™ credit default detachment when it found itself so deep down a rabbit hole — so deep in the schtuck — that it was dealing with contingencies and variables are arcane and arbitrary as these ones. It is not so much a rabbit hole as a mineshaft. This would have given the poor fellow with the broken leg stuck down the crevasse in Touching The Void hope. And the only comfort — and Prophet on a Bike, it’s a cold one — is that things only get worse in the paragraph that follows, Para3.32. And then you get to go and play in the definitions specially devised for these rearrangedRestructuring variations

So what is going on here?

Well, these are codified reactions to earlier iterations of theRestructuring definition in the 2003 Credit Derivatives Definitions that, on first contact with reality during the global financial crisis, were found not to work.