Template:Isda 9(e) summ: Difference between revisions
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If a [[Trading|trader]] agrees one thing, and the [[confirmation]] the parties subsequently sign says another, which gives? A 15 second dealing-floor exchange on a crackly taped line, or the carefully-wrought ten page, counterpart-executed legal epistle that follows it? | If a [[Trading|trader]] agrees one thing, and the [[confirmation]] the parties subsequently sign says another, which gives? A 15 second dealing-floor exchange on a crackly taped line, or the carefully-wrought ten page, counterpart-executed legal epistle that follows it? | ||
The ''original oral trade prevails''. As to why — we address that in the premium section. | |||
====Dare we mention ... ''[[email]]''?==== | ====Dare we mention ... ''[[email]]''?==== | ||
Note also the addition of [[e-mail]] as a means of communication to the {{2002ma}} ([[email]] not really having been a “thing” in 1992). This caused all kinds of [[fear and loathing]] among the judiciary, when asked about it, as can be seen in the frightful case of {{casenote|Greenclose|National Westminster Bank plc}}.Oh dear, oh dear, oh dear. | Note also the addition of [[e-mail]] as a means of communication to the {{2002ma}} ([[email]] not really having been a “thing” in 1992). This caused all kinds of [[fear and loathing]] among the judiciary, when asked about it, as can be seen in the frightful case of {{casenote|Greenclose|National Westminster Bank plc}}.Oh dear, oh dear, oh dear. |