Transactions - DRV-F Provision: Difference between revisions
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{{drvfanat|2}}Note that, like the ISDA, the confirmation is not the binding version of the trade or the [[condition precedent]] to the trade being binding. The primary source of evidence for the deal is the actual trade, for the same reasons. | {{drvfanat|2}}Note that, like the ISDA, the confirmation is not the binding version of the trade or the [[condition precedent]] to the trade being binding. The primary source of evidence for the deal is the actual trade, for the same reasons. | ||
Note also the charming references to the [[telex]] and even the [[telegraph]] (“whatever the hell ''tha''t is”, think millennials who may be reading. But Wikipedia tells us that Deutsche Post still offers telegram service, delivering telegrams the next day as ordinary mail, though it discontinued service to foreign countries in 2000.” | Note also the charming references to the [[telex]] and even the [[telegraph]] (“whatever the hell ''tha''t is”, think millennials who may be reading). For the Generation Zedders: But Wikipedia tells us that Deutsche Post still offers telegram service, delivering telegrams the next day as ordinary mail, though it discontinued service to foreign countries in 2000.” | ||
[[File:Cooke and Wheatstone electric telegraph.jpg|300px|thumb|left|Here is a nice picture of a [[telegraph]] machine.]] | |||
{{ref}} | {{ref}} | ||
Latest revision as of 10:36, 21 January 2020
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DRV for Derivatives and Futures Anatomy™
This is an informal, non-binding and, by the looks, not massively idiomatic translation of the Deutscher Rahmenvertrag für Finanztermingeschäfte. So treat it, and the JC's summary of and uninformed musings about it, with even more caution than normal.
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Note that, like the ISDA, the confirmation is not the binding version of the trade or the condition precedent to the trade being binding. The primary source of evidence for the deal is the actual trade, for the same reasons.
Note also the charming references to the telex and even the telegraph (“whatever the hell that is”, think millennials who may be reading). For the Generation Zedders: But Wikipedia tells us that Deutsche Post still offers telegram service, delivering telegrams the next day as ordinary mail, though it discontinued service to foreign countries in 2000.”
