Inter-affiliate ISDA negotiation: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{g}} | {{g}} | ||
''With apologies to [http://www.gutenberg.org/files/1023/1023-h/1023-h.htm Charles Dickens]'' | ''With apologies to [http://www.gutenberg.org/files/1023/1023-h/1023-h.htm Charles Dickens]'' | ||
The idea first struck Wickliffe Hampton’s London trading desk that it should hedge its own [[debt value adjustment]]s by laying them off to its German affiliate, Wickliffe Hampton Deutschland GmbH, as it then was, in 1996. A quick conversation between the desks settled that this might be a mutually beneficial arrangement — ''Deustchland'' had its own, own-credit risk to manage, after all, and couldn’t they swap them? The transaction management process was invoked, a request raised to put in place the necessary contract documentation, a {{1992ma}}, following the prompt conclusion of which the pair of affiliates could scratch each others’ revenue-stating backs cheaply, effectively and the for the hereafter. | The idea first struck Wickliffe Hampton’s London trading desk that it should hedge its own [[debt value adjustment]]s by laying them off to its German affiliate, Wickliffe Hampton Deutschland GmbH, as it then was, in 1996. A quick conversation between the desks settled that this might be a mutually beneficial arrangement — ''Deustchland'' had its own, own-credit risk to manage, after all, and couldn’t they swap them? The transaction management process was invoked, a request raised to put in place the necessary contract documentation, a {{1992ma}}, following the prompt conclusion of which the pair of affiliates could scratch each others’ revenue-stating backs cheaply, effectively and the for the hereafter. | ||