Template:Options and flawed assets: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Once paid, you have no further ''obligations'' under the {{euaprov|Transaction}}, just the right — confitional on the option being in the money — to be paid on exercise. T..." |
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Once paid, you have no further ''obligations'' under the {{euaprov|Transaction}}, just the right — confitional on the option being in the money — to be paid on exercise. This can make matters interesting should your [[swap dealer]] decide to play ''[[Um alberne kerle zu spielen]]'' with the [[flawed asset]] provisions in your ISDA — newsflash: it ''won’t'', as long as its risk team retains possession of their deliberative faculties | Once paid, you have no further ''obligations'' under the {{euaprov|Transaction}}, just the right — confitional on the option being in the money — to be paid on exercise. This can make matters interesting should your [[swap dealer]] decide to play ''[[Um alberne kerle zu spielen]]'' with the [[flawed asset]] provisions in your ISDA — though, newsflash: it ''won’t'', as long as its risk team retains possession of their deliberative faculties — but that won’t stop the negotiation community obsessing about how to cater for the contingency that they do not. | ||
For bookish types, there is a lengthy disquisition about it in the “{{plainlink|https://jollycontrarian.com/index.php?title=Section_2(a)(iii)_-_ISDA_Provision#Non-payment_delivery_defaults|details}}” section of our article on Section {{isdaprov|2(a)(iii)}}. | |||
Revision as of 09:50, 17 April 2023
Once paid, you have no further obligations under the Transaction, just the right — confitional on the option being in the money — to be paid on exercise. This can make matters interesting should your swap dealer decide to play Um alberne kerle zu spielen with the flawed asset provisions in your ISDA — though, newsflash: it won’t, as long as its risk team retains possession of their deliberative faculties — but that won’t stop the negotiation community obsessing about how to cater for the contingency that they do not.
For bookish types, there is a lengthy disquisition about it in the “[details {{{2}}}]” section of our article on Section 2(a)(iii).