Template:Isda Specified Transaction comp: Difference between revisions
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A {{isdaprov|Specified Transaction}} under the {{1992ma}} is, by the standards of {{icds}}, monosyllabic to the point of being terse. Under the {{2002ma}} it is expressed with far more of [[the squad]]’s signature sense of the Byzantine, expanding the basic definition to specifically include [[futures]], [[credit derivatives]], [[repo]], [[stock lending]], [[weather derivative]]s,<ref>Oh, look! Anyone remember {{tag|Enron}}? Anyone feeling nostalgic for the good old days when men were men, fraud was fraud, financial accountants were profit centres and anything seemed possible? No?</ref> [[NDF]]s, transactions executed under [[terms of business]] ... | |||
And similar transactions that are presently or in future become common in the financial markets; a neat a catchall clause designed to include any future pieces of financial wizardry ([[and/or]] [[Financial weapons of mass destruction|mass destruction]]) that have not been thought of yet. | |||
Revision as of 12:03, 24 September 2020
A Specified Transaction under the 1992 ISDA is, by the standards of ISDA’s crack drafting squad™, monosyllabic to the point of being terse. Under the 2002 ISDA it is expressed with far more of the squad’s signature sense of the Byzantine, expanding the basic definition to specifically include futures, credit derivatives, repo, stock lending, weather derivatives,[1] NDFs, transactions executed under terms of business ...
And similar transactions that are presently or in future become common in the financial markets; a neat a catchall clause designed to include any future pieces of financial wizardry (and/or mass destruction) that have not been thought of yet.