Template:M tldr isda Party A and Party B: Difference between revisions
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Unlike most [[finance contract]]<nowiki/>s, swaps were conceived as contracts between equals — hence the labels “Party A” and “Party B” — either side can be [[long]] or [[short]], or [[In-the-money|in-]] or [[out-of-the-money]] — clerical oversight can be a bitch — most swaps aren’t really contracts of equals — mistaken belief in bilaterality arguably concentrates, rather than dissipates, systemic risk. | [[The bilaterality, or not, of the ISDA|Unlike]] most [[finance contract]]<nowiki/>s, swaps were conceived as contracts between equals — hence the labels “Party A” and “Party B” — either side can be [[long]] or [[short]], or [[In-the-money|in-]] or [[out-of-the-money]] — clerical oversight can be a bitch — most swaps aren’t really contracts of equals — mistaken belief in bilaterality arguably concentrates, rather than dissipates, systemic risk. | ||
Latest revision as of 18:47, 2 January 2024
Unlike most finance contracts, swaps were conceived as contracts between equals — hence the labels “Party A” and “Party B” — either side can be long or short, or in- or out-of-the-money — clerical oversight can be a bitch — most swaps aren’t really contracts of equals — mistaken belief in bilaterality arguably concentrates, rather than dissipates, systemic risk.