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{{a|isda|}}The ISDA Schedule does contain an election for {{isdaprov|Calculation Agent}} but, curiously, the term isn’t otherwised defined or used in either version of the {{isdama}}. The parties may spend a great deal of fruitless energy in haggling, at {{isdaprov|Part 4(e)}} of the {{isdaprov|Schedule}}, about who should be the {{isdaprov|Calculation Agent}}, and what rights the other poor sap should have to challenge its determinations. | {{a|isda|{{image|Calculation Agent|png|''Secret Co-Calculation Agent Georgie Esterman'', {{vsr|1953}}}}}The ISDA Schedule does contain an election for {{isdaprov|Calculation Agent}} but, curiously, the term isn’t otherwised defined or used in either version of the {{isdama}}. The parties may spend a great deal of fruitless energy in haggling, at {{isdaprov|Part 4(e)}} of the {{isdaprov|Schedule}}, about who should be the {{isdaprov|Calculation Agent}}, and what rights the other poor sap should have to challenge its determinations. | ||
I hope it isn’t too disappointing to hear if your counterparty is a [[broker-dealer]] and you are not, your counterparty will insist on being the calculation agent. | I hope it isn’t too disappointing to hear if your counterparty is a [[broker-dealer]] and you are not, your counterparty will insist on being the calculation agent. |