Template:M comp disc 2002 ISDA Preamble: Difference between revisions

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Little material difference between the {{1992ma}} and the {{2002ma}} here. {{icds}} being, by 2002, a more world-weary, battle-hardened combat unit than it was in 1992, was more alive in the {{2002ma}} to the idea that one might confirm {{isdaprov|Transaction}}s other than via a full-blown {{isdaprov|Confirmation}}: those with [[MCA|master confirmation agreement]]s and who match commoditised swap transactions through online trade matching systems may appreciate this acknowledgement, but it still falls in the circular “goes without saying” filing cabinet in this commentator’s opinion.
It all starts here. Everyone, once, stares at that gnomic title and thinks, “okay, what the hell is ''this'' all about?”  Step this way, young padawan. Step into this rabbithole.
 
Little material difference between the {{1992ma}} and the {{2002ma}} here, and indeed, not much from the {{1987ma}}.
 
===A word on industry associations====
Those with a keen eye will note that, some time between 1992 and 2002, [[ISDA]] rebranded from the “International Swap Dealers Associations, Inc.” — interesting plural, that, but in any case an outwardly ''sell-side'' outfit — to the more neutral-sounding “International Swaps and Derivatives Association, Inc.” singular, at the same time more unitary and more inclusive by name, but still in spirit the same old outfit, stakeheld predominantly by the 20 largest broker-dealers on the face of the Earth. It may have aspirations to conquer the world but for now ISDA remains a “dealer-community” association.
 
These days the “buy-side lobby” is a lot bigger, more organised and better represented than it used to be, with AIMA (the Alternative Investment Management Association),<ref>https://www.aima.org</ref> EFAMA (the European Fund and Asset Management Association,<ref>https://www.efama.org</ref> the MFA (the Managed Funds Association),<ref>https://www.managedfunds.org</ref> (not to be confused, by the way, with the Fund Management Association of Kenya) and the IA (the Investment Association),<ref>https://www.theia.org</ref> representing their interests.

Revision as of 19:59, 4 July 2023

It all starts here. Everyone, once, stares at that gnomic title and thinks, “okay, what the hell is this all about?” Step this way, young padawan. Step into this rabbithole.

Little material difference between the 1992 ISDA and the 2002 ISDA here, and indeed, not much from the 1987 ISDA.

A word on industry associations=

Those with a keen eye will note that, some time between 1992 and 2002, ISDA rebranded from the “International Swap Dealers Associations, Inc.” — interesting plural, that, but in any case an outwardly sell-side outfit — to the more neutral-sounding “International Swaps and Derivatives Association, Inc.” singular, at the same time more unitary and more inclusive by name, but still in spirit the same old outfit, stakeheld predominantly by the 20 largest broker-dealers on the face of the Earth. It may have aspirations to conquer the world but for now ISDA remains a “dealer-community” association.

These days the “buy-side lobby” is a lot bigger, more organised and better represented than it used to be, with AIMA (the Alternative Investment Management Association),[1] EFAMA (the European Fund and Asset Management Association,[2] the MFA (the Managed Funds Association),[3] (not to be confused, by the way, with the Fund Management Association of Kenya) and the IA (the Investment Association),[4] representing their interests.

  1. ↑ https://www.aima.org
  2. ↑ https://www.efama.org
  3. ↑ https://www.managedfunds.org
  4. ↑ https://www.theia.org
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