Template:M summ 2002 ISDA 2(a): Difference between revisions
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Section {{isdaprov|2}} contains the basic nuts and bolts of your obligations under the {{isdaprov|Transaction}}s you execute. Pay or deliver what you’ve promised to pay or deliver, when you’ve promised to pay it or deliver it, and all will be well. | Section {{isdaprov|2}} contains the basic nuts and bolts of your obligations under the {{isdaprov|Transaction}}s you execute. Pay or deliver ''what'' you’ve promised to pay or deliver, ''when'' you’ve promised to pay it or deliver it, and all will be well. | ||
And ''then'' there’s the mighty [[flawed asset]] provision of Section {{isdaprov|2(a)(iii)}}. This won’t trouble ISDA [[negotiator]]s on the way ''in'' to a swap trading relationship — few people | And ''then'' there’s the mighty [[flawed asset]] provision of Section {{isdaprov|2(a)(iii)}}. This won’t trouble ISDA [[negotiator]]s on the way ''in''to a swap trading relationship — few enough people understand it sufficiently well to argue about it — but if, as it surely will, [[Omega|the great day of judgement]] should visit upon the financial markets again some time in the future, expect plenty of tasty argument, between highly-paid Queen’s Counsel who have spent exactly ''none'' of their careers considering derivative contracts, about what it means. | ||
We have some thoughts on that topic, should you be interested, at Section {{isdaprov|2(a)(iii)}}. |