Template:Underlier: Difference between revisions
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'''“{{eqderivprov|Underlier}}”?''': There isn’t a generic catch-all term for the underlier of an {{eqderiv}} {{eqderivprov|Transaction}}. This is a pity, since “{{eqderivprov|Index}}, {{eqderivprov|Share}} or {{eqderivprov|Basket}} [[as the case may be]]” isn’t the most elegant expression in the annals of legal literature. You might have used “Instrument” or even “{{eqderivprov|Underlier}}” might do. | |||
There isn’t a generic catch-all term for the underlier of an {{eqderiv}} {{eqderivprov|Transaction}}. This is a pity, since “{{eqderivprov|Index}}, {{eqderivprov|Share}} or {{eqderivprov|Basket}} [[as the case may be]]” isn’t the most elegant expression in the annals of legal literature. You might have used “Instrument” or even “{{eqderivprov|Underlier}}” might do. | |||
“{{eqderivprov|Underlier}}” is a [[JC]]-spawned confection, and we do use it [[from time to time]], when our patience with {{icds}} and its leaden drafting becomes as shiny, thin and translucent as the seat of an old pair of suit trousers. | “{{eqderivprov|Underlier}}” is a [[JC]]-spawned confection, and we do use it [[from time to time]], when our patience with {{icds}} and its leaden drafting becomes as shiny, thin and translucent as the seat of an old pair of suit trousers. | ||
Latest revision as of 02:07, 15 August 2023
“Underlier”?: There isn’t a generic catch-all term for the underlier of an Equity Derivatives Transaction. This is a pity, since “Index, Share or Basket as the case may be” isn’t the most elegant expression in the annals of legal literature. You might have used “Instrument” or even “Underlier” might do.
“Underlier” is a JC-spawned confection, and we do use it from time to time, when our patience with ISDA’s crack drafting squad™ and its leaden drafting becomes as shiny, thin and translucent as the seat of an old pair of suit trousers.