Flight 19: Difference between revisions
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{{a|myth|[[File:TBF (Avengers) flying in formation.jpg|450px|thumb|center|The doomed [[Linklaters]] squadron shortly before embarking on the fateful drafting run.]]}}{{PAGENAME}} was the designation of a group of five [[Linklaters]] [[FPML]] ''Avenger'' torpedo bombers that disappeared while triangulating | {{a|myth|[[File:TBF (Avengers) flying in formation.jpg|450px|thumb|center|The doomed [[Linklaters]] squadron shortly before embarking on the fateful drafting run.]]}}{{PAGENAME}} was the designation of a group of five [[Linklaters]] [[FPML]] ''Avenger'' torpedo bombers that disappeared while triangulating {{eqderivprov|Bermuda Option}} definitions — over an area of the financial services markets that has ever since been known as the “[[Bermuda Option Triangle]]” — on June 30, 2011, after losing contact with reality during a routine redrafting of the {{eqdefs}}. Neither the lawyers nor the nascent definitions booklet — the fabled [[2011 ISDA Equity Derivatives Definitions]] — nor the [[Linklaters SFT Mariner flying boat]] sent out to comb the securities financing market looking for survivors, have been heard from since. | ||
In the meantime a conspiracy industry has grown up around {{PAGENAME}}, the fabled [[Atlantis agreement]] of 2008, the [[2013 Standard CSA]] and other ill-fated modernising initiatives of the evangelising men and women of {{icds}}. | In the meantime a conspiracy industry has grown up around {{PAGENAME}}, the fabled [[Atlantis agreement]] of 2008, the [[2013 Standard CSA]] and other ill-fated modernising initiatives of the evangelising men and women of {{icds}}. | ||
Revision as of 11:19, 21 March 2022
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Flight 19 was the designation of a group of five Linklaters FPML Avenger torpedo bombers that disappeared while triangulating Bermuda Option definitions — over an area of the financial services markets that has ever since been known as the “Bermuda Option Triangle” — on June 30, 2011, after losing contact with reality during a routine redrafting of the 2002 ISDA Equity Derivatives Definitions. Neither the lawyers nor the nascent definitions booklet — the fabled 2011 ISDA Equity Derivatives Definitions — nor the Linklaters SFT Mariner flying boat sent out to comb the securities financing market looking for survivors, have been heard from since.
In the meantime a conspiracy industry has grown up around Flight 19, the fabled Atlantis agreement of 2008, the 2013 Standard CSA and other ill-fated modernising initiatives of the evangelising men and women of ISDA’s crack drafting squad™.
In the meantime, no-one mention smart contracts, at least not while the latest quixotic mission of the Worshipful Company of Derivatives Salespeople unfolds before our disbelieving eyes. Blockchain ahoy!!