1985 ISDA Code of Standard Wording, Assumptions and Provisions for Swaps: Difference between revisions
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1985 Edition</big></big></big> | 1985 Edition</big></big></big> | ||
I mean check that baby out; did you see what they ''did'' there??? It's a goddamn ''[[acrostic]]''! Whoever heard of ''playfulness'' in the documentation of derivatives?. The {{1985ma}} is the first ever attempt, by the [[children of the forest]], progenitors of the [[first men]], those valiant but somehow feral predecessors to the latter day crusading knights of {{icds}}, to make flesh and blood the idea of an ''{{isdama}}''. But this is a barebones thing indeed: Events of Default and Termination Events are there ... none! Parties has to put them in the confirmation. So, no [[netting]], no [[single agreement]] — whcih kind of figures, since [[Basel Committee on Bank Supervision|BCB]] only hit on the idea of granting capital relief for netting arrangements in 1986, no Section {{isdaprov|2(a)(iii)}} — | |||
{{sa}} | |||
*{{isdama}} and all its variations | |||
:*{{1987ma}} | |||
:*{{1992ma}} | |||
:*{{2002ma}} | |||
:*{{2008ma}} |
Revision as of 18:40, 17 March 2020
The 1985 ISDA Code, properly styled as the —
Code of
- Standard
- Wording,
- Assumptions and
- Provisions for
- Swaps
1985 Edition
I mean check that baby out; did you see what they did there??? It's a goddamn acrostic! Whoever heard of playfulness in the documentation of derivatives?. The 1985 ISDA Code is the first ever attempt, by the children of the forest, progenitors of the first men, those valiant but somehow feral predecessors to the latter day crusading knights of ISDA’s crack drafting squad™, to make flesh and blood the idea of an ISDA Master Agreement. But this is a barebones thing indeed: Events of Default and Termination Events are there ... none! Parties has to put them in the confirmation. So, no netting, no single agreement — whcih kind of figures, since BCB only hit on the idea of granting capital relief for netting arrangements in 1986, no Section 2(a)(iii) —
See also
- ISDA Master Agreement and all its variations