The bilaterality, or not, of the ISDA: Difference between revisions

The bilaterality, or not, of the ISDA (view source)

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			{{essay\|2002 ISDA\|Party A and Party B}}

	{{a\|isda\|}}Unlike many financing documents, the {{isdama}} eschews understandable terms for its participants — ones that help you orient who is who: you know, like “Borrower” and “Lender”; “Bank” and “Client”; or “Buyer” and “Seller” — for the decidedly more gnomic “{{isdaprov\|Party A}}” and “{{isdaprov\|Party B}}”.		{{a\|isda\|}}Unlike many financing documents, the {{isdama}} eschews understandable terms for its participants — ones that help you orient who is who: you know, like “Borrower” and “Lender”; “Bank” and “Client”; or “Buyer” and “Seller” — for the decidedly more gnomic “{{isdaprov\|Party A}}” and “{{isdaprov\|Party B}}”.