Flight 19: Difference between revisions
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{{a|myth|{{image| | {{a|myth|{{image|Flight 19|png|The doomed [[Linklaters]] squadron shortly before embarking on the fateful drafting run.{{vsr|1953}}}}}}{{PAGENAME}} was the designation of a group of five [[Linklaters]] [[FPML]] ''Avenger'' torpedo bombers that disappeared on June 30, 2011, after losing contact with reality during a routine redrafting of the {{eqdefs}}. It is believed the crew were attempting triangulating the definitions of various exotic {{eqderivprov|Option}}s, and the area of the financial markets in which they came to grief has been known, ever since, as the “[[Bermuda Option Triangle]]”. Neither the lawyers nor the nascent definitions booklet — the fabled [[2011 ISDA Equity Derivatives Definitions]] — nor indeed the [[Linklaters SFT Mariner flying boat]] sent out on a rescue mission to comb the area 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}}, including most recently the [[2022 ISDA Securities Financing Transactions Definitions]]. | 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}}, including most recently the [[2022 ISDA Securities Financing Transactions Definitions]]. | ||
Revision as of 07:46, 1 September 2022
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Flight 19 was the designation of a group of five Linklaters FPML Avenger torpedo bombers that disappeared on June 30, 2011, after losing contact with reality during a routine redrafting of the 2002 ISDA Equity Derivatives Definitions. It is believed the crew were attempting triangulating the definitions of various exotic Options, and the area of the financial markets in which they came to grief has been known, ever since, as the “Bermuda Option Triangle”. Neither the lawyers nor the nascent definitions booklet — the fabled 2011 ISDA Equity Derivatives Definitions — nor indeed the Linklaters SFT Mariner flying boat sent out on a rescue mission to comb the area 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™, including most recently the 2022 ISDA Securities Financing Transactions Definitions.
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!!