83,357
edits
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
Line 72: | Line 72: | ||
ISDA, which publishes the ISDA, ''was'' the “International Swap Dealers Association''s'', Inc.” — interesting plural, that — but in any case, outwardly a ''[[sell-side]]'' industry association. | ISDA, which publishes the ISDA, ''was'' the “International Swap Dealers Association''s'', Inc.” — interesting plural, that — but in any case, outwardly a ''[[sell-side]]'' industry association. | ||
[[Jolly Contrarian|JC]]’s extensive research<ref>[https://www.google.com/search?q=%22International+Swap+Dealers+Associations%22+plural Let me Google that for you]. I know, right.</ref> has not yielded an explanation for why ISDA ever considered itself a plural, and the chatbots he consulted all came up with absurd reasons like — and I kid you not — inclusivity, collectivity, and global representation: “using Associations”, speculated [[NiGEL]], “might have aimed to convey a broader representation of various swap dealers across the globe, even though it wasn’t a merger of multiple entities”. Perhaps, it continues, “founders anticipated incorporating other regions or types of swap dealers in the future, which never materialised”. | [[Jolly Contrarian|JC]]’s extensive research<ref>[https://www.google.com/search?q=%22International+Swap+Dealers+Associations%22+plural Let me Google that for you]. I know, right.</ref> has not yielded an explanation for why ISDA ever considered itself a plural, and the chatbots he consulted all came up with absurd reasons like — and I kid you not — inclusivity, collectivity, and global representation: | ||
{{quote|“using Associations”, speculated [[NiGEL]], “might have aimed to convey a broader representation of various swap dealers across the globe, even though it wasn’t a merger of multiple entities”. Perhaps, it continues, “founders anticipated incorporating other regions or types of swap dealers in the future, which never materialised”.}} | |||
Perhaps. Or maybe it was a typo. Who knows? | Perhaps. Or maybe it was a typo. Who knows? | ||
Line 78: | Line 79: | ||
In any weather, in 1993, ISDA rebranded itself as the “International Swaps and Derivatives Association, Inc.”: singular, at the same time more unitary and sounding more inclusive of buy-siders, but still in spirit the same old ISDA, stake-held predominantly by the largest [[swap dealer]]s on the face of the Earth. | In any weather, in 1993, ISDA rebranded itself as the “International Swaps and Derivatives Association, Inc.”: singular, at the same time more unitary and sounding more inclusive of buy-siders, but still in spirit the same old ISDA, stake-held predominantly by the largest [[swap dealer]]s on the face of the Earth. | ||
It may aspire to conquer the world — it encroaches on the commodities, carbon, securities financing and crypto domains — but for now, ISDA remains a “dealer-community” association, largely devoted to the swap. | |||
====Buy-side representation==== | ====Buy-side representation==== | ||
These days the “buy-side lobby” is bigger, more organised and better represented than it used to be, with the following associations representing its interests: | These days the “buy-side lobby” is bigger, more organised and better represented than it used to be, with the following associations representing its interests: |