From The Jolly Contrarian
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| As its name suggests, a calculation agent is a person appointed to calculate things, usually in the context of a master trading agreement like an {{isdama}}, a {{gmra}}, a {{gmsla}} or a {{csa}} or other [[credit support]] document. It will usually be one of the parties to the master agreement, and usually<ref>Like, ''always''.</ref> the [[broker dealer]] out of the two, if there is only one.
| | #redirect[[Calculation Agent]] |
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| But just who the [[calculation agent]] is, and how much discretion it has to determine the calculation without entertaining protest from the other party, is a matter that can occupy a [[Mediocre lawyer|derivatives lawyer]] for days on end.
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| Spoiler: appointing each party as a [[co-calculation agent]] won’t work.
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| {{indetail|Calculation Agent}}
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| ====References====
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Latest revision as of 06:30, 6 October 2022