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| {{isdaanat|2(d)}} | | {{newisdamanual|2(d)|}} |
| There’s no great [https://jollycontrarian.com/index.php?title=User%3AAmwelladmin&type=revision&diff=20900&oldid=20899 difference] between the {{2002ma}} and the {{1992ma}}: [[File:2(d)(i).png|thumb|left|450px|The differences between the {{2002ma}} and the {{1992ma}}]] <br>
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| Both are excruciating in the conveyance of a fairly simple idea, which, in a {{nutshell}} is this:
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| You can revel in the full heft of these provisions at right.
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| Observant and obedient scholars will notice that the {{1992ma}} and the {{2002ma}} versions are, [[more or less]], identical. Observant and ''less'' obedient scholars will remark what a pig’s ear the ISDA drafting committee made of a relatively simple concept and, when given a once-in-a-decade opportunity to improve it in 2002, the combined intellectual might of {{tag|ISDA}}, its members, friends, relations and their divers [[mediocre lawyer|counsel]], retinue and entourage, couldn’t.
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| Or didn’t.
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| This is, therefore, [[Q.E.D.]], the apex of all possible derivatives drafting. Especially the triple negative in {{isdaprov|Indemnifiable Tax}}.
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| Make you feel great to be alive, doesn’t it. I bet you wish it could be simplified. Here: let [[me]] have a go.
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| {{nuts|ISDA|Gross-Up}}
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| {{Withholding under ISDA}}
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